DGAP-News: Steinhoff International Holdings N.V. / Key word(s): Miscellaneous Steinhoff International Holdings N.V.: STEINHOFF GLOBAL SETTLEMENT - AGREEMENT WITH DELOITTE AND CONSERVATORIUM
DGAP-Ad-hoc: Steinhoff International Holdings N.V. / Key word(s): MiscellaneousSteinhoff International Holdings N.V.: STEINHOFF GLOBAL SETTLEMENT - AGREEMENT WITH DELOITTE AND CONSERVATORIUM 14-Feb-2021
DGAP-News: Steinhoff International Holdings N.V. / Key word(s): Miscellaneous Steinhoff International Holdings N.V.: STEINHOFF GLOBAL SETTLEMENT - AGREEMENT WITH DELOITTE AND CONSERVATORIUM
DGAP-News: Steinhoff International Holdings N.V.: Miscellaneous
Steinhoff International Holdings N.V.: STEINHOFF GLOBAL SETTLEMENT - AGREEMENT WITH DELOITTE AND CONSERVATORIUM
15.02.2021 / 00:00
STEINHOFF GLOBAL SETTLEMENT - AGREEMENT WITH DELOITTE AND CONSERVATORIUM
Steinhoff International Holdings N.V. (
Steinhoff or the
Steinhoff Group ) announces the following update on implementation of its proposal to resolve the various multi-jurisdictional legacy litigation and claims against the Steinhoff Group, including those against former South African holding company Steinhoff International Holdings Proprietary Limited (
SIHPL ).
Conservatorium
SIHNV previously announced that a hearing, scheduled for 8 February 2021 in the Amsterdam District Court following a request by Conservatorium Holdings LLC (
Conservatorium ) to appoint a restructuring expert to SIHNV pursuant to Article 371 of the Dutch Bankruptcy Act (enacting elements of the recently enacted pre-insolvency p
Steinhoff settlement sends shares soaring
Steinhoff global settlement – agreement with Deloitte and Conservatorium
Steinhoff International Holdings N.V. (“SIHNV” or the “Company”, together with its subsidiaries, “Steinhoff” or the “Steinhoff Group”) announces the following update on implementation of its proposal to resolve the various multi-jurisdictional legacy litigation and claims against the Steinhoff Group, including those against former South African holding company Steinhoff International Holdings Proprietary Limited (“SIHPL”).
Conservatorium
Following a number of constructive engagements between the parties today an agreement has been reached, in principle, between, among others, SIHNV, SIHPL, Conservatorium Holdings LLC (“Conservatorium”) and certain entities linked to Christo Wiese. This agreement is subject to a number of conditions. The result of the agreement reached among the parties is that Conservatorium will withdraw its application to