Most legal agreements are negated should a company be placed in administration or receivership.
The reason the banks do not want to place BNB into administration is the potential loss of satellite management fees.
However if other creditors can have the company placed into administration, receivership or liquidation the management agreements could well be null and void.
A name change, a leg up and a fat prophet.
Most legal agreements are negated should a company be placed in...
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