Ann: Recapitalisation Agreement, page-189

The restructure if you like is subject to:

(i) settlement of the Federal Court of Australia Proceeding No. VID VIC 1213/2016 commenced on 12 October 2016 by Matthew Hall against the Company (“Hall Proceeding”); and (ii) all derivative claims for indemnity or contribution made against the Company that follow a claim by subordinate claimholders against a third party and being satisfied that such an arrangement will have limited or no financial consequence for the Company.

He personally lost about $1m it seems, so are they saying the $1mish settlement "Hall Proceeding" or does that mean to settle the Maurice/ACA $250m claim on foot?

If the later, one must assume SGH will have to pay/settle the claim out in the next 30-60 days or so, wonder where such funds will come from? subject to amount total of course?