 EANS-Adhoc: Atrium European Real Estate Limited / UPDATE ON LEGAL PROCEEDINGS
Geschrieben am 15-04-2011 |
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ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is solely responsible for the content of this
announcement.
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15.04.2011
UPDATE ON LEGAL PROCEEDINGS
Jersey, 15 April 2011. Atrium European Real Estate Limited ("Atrium")
(VSE/Euronext: ATRS), one of the leading real estate companies
focused on shopping centre investment, management and development in
Central and Eastern Europe, announces that further to its releases on
11 August 2010, 23 November 2010 and 30 December 2010, Atrium
European Real Estate and various related parties and Meinl Bank AG
and various related parties agreed on 14 April, 2011 to consolidate
all of the legal proceedings between them that are pending in the
various courts and arbitration forums, including London, Paris and
Vienna, with the exception of the derivative lawsuit filed in
November 2010 in Jersey, Channel Islands, into a single forum of
arbitration under the Rules of Arbitration of the London Court of
International Arbitration. All such legal proceedings will be
discontinued in the various courts and arbitration forums in which
they are currently being pursued in favour of the single arbitration.
Proceedings in the derivative lawsuit in Jersey have been temporarily
frozen to give the defendants in the Jersey action time to consider
whether they wish to consolidate that action into the arbitration
proceeding as well or to continue to proceed in court in Jersey.
For further information:
Financial Dynamics:
+44 (0)20 7831 3113
Richard Sunderland
Laurence Jones
Atrium@fd.com
end of announcement euro adhoc
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ots Originaltext: Atrium European Real Estate Limited
Im Internet recherchierbar: http://www.presseportal.de
Further inquiry note:
Financial Dynamics, London
Richard Sunderland / Laurence Jones
Phone: +44 (0)20 7831 3113
mailto:richard.sunderland@fd.com
Branche: Real Estate
ISIN: JE00B3DCF752
WKN:
Index: Standard Market Continuous
Börsen: Wien / official market
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