hawkswood, page-13

I'm by far not an expert on any of this but...

Is it possible that when a lender goes into liquidation then all outstanding loans can be called in by the liquidator - contract or no contract?

Hypothetically, if a lender lent money to someone over a 5 year term and then went into liquidation, I don't think the liquidator would be required to wait until the loan term ends to finalise all the assets and collectables. If you were a reciever of funds from a liquidation, would you be prepared to wait out the "terms of contract"?

As I said, I'm not an expert but maybe the liquidator can call in outstanding loans.

Regardless, it's good delaying tactic. Let the courts work it out. By the time the hearing comes around, it'll be due to be paid anyway. Shougang will be signed and the money will be in the bank. I'm a big supporter, however, I think Phil might be cutting this one a bit fine financially. Perhaps another bullet dodged?