Sounds okay, but it should be worked off S$27mil.
40% = S$10,800,000
Minus S$5,000,000
=S$5,800,000
= $5,300,000 AU.
Still plenty of lawyer bills to be paid too, but it would give MEM breathing space, no doubt.
It does look better though, IF and a big IF everything goes right for them.
Ann: Update on Dispute Resolution Process, page-3
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