If the loan was not in the company's best interest then it is a non commercial contract. In this situation the receiver's/administrators must report and disregard it. If it was approved by directors then they are responsible, if it was not approved then the person contracting it is responsible to both parties (BLA and the lender fund(Singapore Rainbow fund)). The continuous reporting of this loan as an oak-tree loan is also misleading. Any misleading behaviour by oaktree or the advisories hired by both parties to do the agreement makes those parties liable for all damages caused.
Korda Mentha fees would have to be deducted as expenses before profit(and tax) can be calculated.
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