Turville
It is a win for CHM in that they have reduced the liability from 20-40% of win to IPL down to the early termination fee. If the settlement was large.
However that fee will now be in dispute. How high will it be?
If CFE cover it then yes win if not receiver must raise the money to pay for it.
Not sure if CFE could put more in or they would have to settle with MMX. Don't know the rules that a receiver is aloud to act under
Either way the directors no longer control CHM. They will liase with the receiver but the receiver now makes all decisions.
IMO
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