Originally Posted by
Double_Clutch
Would you care to share this affidavit you talk about?
https://www.fedcourt.gov.au/__data/a...it-2772020.pdf
See para 20 which describes the relationship between the VARA and VAH Newco 2 (the latter owns the former) and para 36 regarding the insolvency of VAH Newco 2.
The issue, as detailed at para 20.(d), is that VAH Newco 2 is the guarantor for 900-odd million dollars' worth of unsecured notes (AUD400M + USD350M) .