Steinhoff Global Settlement Hearing Scheduled for Feb. 8

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 ...