If claims are successful WBC will want a big pay down which is fine and they will be happy. Banks are more worried about debt repayment and reducing exposure then anything. Any negative reflection on them for making the loan has already been done. Maybe banks also could claim against DD experts they relied on but are being repaid with interest from S&G.
Ann: SGH advises Watchstone Group Plc of claim under SPA-SGH.AX, page-107
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