I woul have thought if a company is wound up then that would...

I woul have thought if a company is wound up then that would cancel an underwriting agreement
After if there would be no company around to be funded
that would seem logical
But I think Macquarie gave BCS a bridging loan and was going to get repaid via the first instalment
Anyway it appears that Macquarie has a vested interest in keeping the project going. Hence their decision to give people who got caught an out.
Deutche bank wants out no matter what by the sounds of things.

Deutche bank are villians in all this if you ask me.