Atrium European Real Estate Limited
EANS-Adhoc: Atrium European Real Estate Limited
UPDATE ON LEGAL PROCEEDINGS
-------------------------------------------------------------------------------- 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. --------------------------------------------------------------------------------
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 --------------------------------------------------------------------------------
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
Original-Content von: Atrium European Real Estate Limited, übermittelt durch news aktuell