Ms Derville Rowland:

I will take that question because I took up a new role from 1 September. Prior to that, I worked in enforcement. It has been my experience that there is extensive legal engagement with entities, either directly with their in-house lawyers or one can always tell when letters are ghost-written by the law firm. That does not appear on the face of the record but one knows it is the lawyers' advice. It is also my impression, through the expert structuring of the negotiations - I perceive the supervisory engagement to be a legal negotiation - that although at the working level, we are dealing with the lenders, they are very well advised.