Quote ="Derwent"Well we do know that there was a signed agreement between OK and the RFL that all SL monies would be required to be repaid if there was another insolvency event because that has been reported publicly in the press, and is also stated in the administrator's background to insolvency report.
What we don't know is the precise nature of that agreement, which is what is causing the confusion. For instance, it may have been the case that the agreement was that the company was responsible for the repayment but it would default to OK being personally liable should the company have insufficient funds to meet the liability. In which case, the RFL would be perfectly entitled to lodge a creditor claim initially against the company for the amount in question. The administrator would then formally declare that the company could not meet said liability and so the RFL would then have proper recourse to pursue OK for the money.'"
Yup. That's pretty well as I see it. Sadly, we can't be certain, and you can't take common-sense or normal sensible agreement-making for granted in anything in this arena!
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