Mr. Alan Stewart:

Actually, it is in Appendix E, in the last paragraph of the first page. It states:

PIMCO confirmed that its legal due diligence would not proceed until NAMA's position was clarified [That is the legal due diligence in the legal data room] and that, if NAMA considered the fee arrangement to be an issue, PIMCO would have concerns over continuing to deal with the three counterparties and would need to consider if the transaction could be progressed without their involvement.

What is missing from that is that they would need to consider with the business. That is a reference to the fact that the legal team does not have the ability to make those types of decisions on its own.