Hearing scheduled for Feb. 8 in the Amsterdam District Court following a recent request by Conservatorium Holdings LLC to appoint a restructuring expert to Steinhoff.
- Steinhoff International Holdings to respond to the request “in due course”
- “Steinhoff’s view remains that the global settlement, as proposed, provides the means to substantially resolve the historical claims against it and remains firmly in the best interests of all stakeholders”
- Implementation of the proposed global settlement requires a co-ordinated series of steps to be taken in the relevant jurisdictions
- Next steps include the English scheme sanction hearing to take place on Jan. 26-27; approval...