High Court

DGAP-News: Steinhoff International Holdings N.V. : STEINHOFF GLOBAL SETTLEMENT - UPDATE ON SARB APPROVAL

Monday, October 18, 2021 - 9:02am

Steinhoff International Holdings N.V. ("SIHNV" or the "Company" and together with its subsidiaries, "Steinhoff") together with Steinhoff International Holdings Proprietary Limited ("SIHPL") provide the following update with respect to the Steinhoff global litigation settlement proposal.

Key Points: 
  • Steinhoff International Holdings N.V. ("SIHNV" or the "Company" and together with its subsidiaries, "Steinhoff") together with Steinhoff International Holdings Proprietary Limited ("SIHPL") provide the following update with respect to the Steinhoff global litigation settlement proposal.
  • On 11 August 2021 the Company announced an increased offer and stated that:
    Steinhoff is pleased to announce that it has received approval from SARB/FINSURV for the cross-border transfers contemplated by the revised Steinhoff global settlement proposal.
  • "The FINSURV approval satisfies one of the remaining conditions to implementation of the global litigation settlement.
  • The final material requirement is the approval of the High Court in South Africa to the SIHPL section 155 proposal.

DGAP-News: Steinhoff International Holdings N.V. : STEINHOFF GLOBAL SETTLEMENT - UPDATE

Thursday, October 14, 2021 - 1:16pm

Steinhoff International Holdings N.V. ("SIHNV" or the "Company" and together with its subsidiaries, "Steinhoff") together with Steinhoff International Holdings Proprietary Limited ("SIHPL") announce the following updates in relation to implementation of the Steinhoff Global Settlement.

Key Points: 
  • Steinhoff International Holdings N.V. ("SIHNV" or the "Company" and together with its subsidiaries, "Steinhoff") together with Steinhoff International Holdings Proprietary Limited ("SIHPL") announce the following updates in relation to implementation of the Steinhoff Global Settlement.
  • In the meantime, any persons who believe they are claimants under the Steinhoff global settlement are reminded that they may still submit any claims to the verification process as part of the SI55 Proposal.
  • The two components of the settlement consideration will each be payable within a specified period following the Settlement Effective Date.
  • Further updates on the progress towards implementation of the global litigation settlement will be provided in due course.

Nam Tai Issues Statement in Connection with its Appeal Against the Judgment dated March 3, 2021

Monday, October 4, 2021 - 9:15pm

Further, the Court of Appeal ordered that the Company shall convene a special meeting of shareholders regarding the election of directors on November 30, 2021.

Key Points: 
  • Further, the Court of Appeal ordered that the Company shall convene a special meeting of shareholders regarding the election of directors on November 30, 2021.
  • ABOUT NAM TAI PROPERTY INC.
    We are a real estate developer and operator, mainly conducting business in Mainland China.
  • Nam Tai Property Inc. is a corporation registered in the British Virgin Islands and listed on the New York Stock Exchange (Symbol: "NTP").
  • Please refer to our corporate website ( https://www.namtai.com/ ) or the SEC website ( www.sec.gov ) for our press releases and financial statements.

Renowned Art Collector Sues Nifty Gateway Over Auction For Million-Dollar Beeple Work Abundance

Friday, October 1, 2021 - 11:00am

Nifty Gateway hosted an auction which resulted in the highest bidders or 'winners' receiving numbered editions of the Beeple Abundance artwork corresponding to the position of their respective bids.

Key Points: 
  • Nifty Gateway hosted an auction which resulted in the highest bidders or 'winners' receiving numbered editions of the Beeple Abundance artwork corresponding to the position of their respective bids.
  • He has therefore challenged Nifty Gateway over whether the Beeple auction was legal or not.
  • After the Abundance auction closed and Soleymani was the third highest bidder, Nifty Gateway claimed that he'd 'won' an edition of the Beeple piece for which he was asked to pay but refused.
  • A legal action is now underway in the High Court in London although Nifty Gateway is yet to engage in the process.

Renowned Art Collector Sues Nifty Gateway Over Auction For Million-Dollar Beeple Work Abundance

Friday, October 1, 2021 - 10:00am

Nifty Gateway hosted an auction which resulted in the highest bidders or 'winners' receiving numbered editions of the Beeple Abundance artwork corresponding to the position of their respective bids.

Key Points: 
  • Nifty Gateway hosted an auction which resulted in the highest bidders or 'winners' receiving numbered editions of the Beeple Abundance artwork corresponding to the position of their respective bids.
  • He has therefore challenged Nifty Gateway over whether the Beeple auction was legal or not.
  • After the Abundance auction closed and Soleymani was the third highest bidder, Nifty Gateway claimed that he'd 'won' an edition of the Beeple piece for which he was asked to pay but refused.
  • A legal action is now underway in the High Court in London although Nifty Gateway is yet to engage in the process.

DGAP-News: Steinhoff International Holdings N.V. : ​​​​​​​SIHPL SECTION 155 - SANCTION HEARING UPDATE

Thursday, September 30, 2021 - 12:08pm

In addition, an intervention application in support of SIHPL's sanction application has been received from Deloitte SA.

Key Points: 
  • In addition, an intervention application in support of SIHPL's sanction application has been received from Deloitte SA.
  • In view of the recent filings, the Court concluded today that the Section 155 sanction application could no longer be heard within the timetable of the Court's urgent schedule.
  • Given the continuing urgency to have the Proposal sanctioned, SIHPL will request that the Court set an expedited timetable for the hearing of the sanction application.
  • The Company will provide an update once the date for the hearing is known.

High Court of Namibia Orders the Ministry of Mines to File Documents with the Court Before October 10, 2021

Friday, September 24, 2021 - 1:10pm

After the filing of the Ministry's documents, Haib Minerals (the subsidiary of Deep-South holding the licence) will have until October 21, 2021 to supplement or amend its own documents filed on July 20, 2021.

Key Points: 
  • After the filing of the Ministry's documents, Haib Minerals (the subsidiary of Deep-South holding the licence) will have until October 21, 2021 to supplement or amend its own documents filed on July 20, 2021.
  • The Court will hold another hearing on October 28, 2021, to define the further procedures with regards to the review of the decision of the Minister.
  • The Company will provide regular updates in this regard and any other matter concerning this situation.
  • Moreover, the Ministry issued all permits required for the drilling program and are well aware that Deep-South has completed the drilling program.

DGAP-News: Steinhoff International Holdings N.V. : NOTICES IN TERMS OF SECTION 155 OF THE COMPANIES ACT 71 OF 2008

Monday, September 20, 2021 - 1:14pm

Een vertaalde versie van deze mededeling zal op verzoek beschikbaar worden gesteld in het Nederlands (e-mail: info@SteinhoffSettlement.com).

Key Points: 

DGAP-News: Steinhoff International Holdings N.V. : ​​​​​​​UPDATE ON DUTCH SoP CONFIRMATION HEARING

Thursday, September 16, 2021 - 3:17pm

Steinhoff International Holdings N.V. ("SIHNV" or the "Company" and together with its other subsidiaries, "Steinhoff" or the "Steinhoff Group") announces that during the confirmation hearing in relation to SIHNV's Dutch suspension of payments in the District Court of Amsterdam today, the Court heard the Dutch Administrators, the attending SoP creditors and the Company on the confirmation of the Composition Plan.

Key Points: 
  • Steinhoff International Holdings N.V. ("SIHNV" or the "Company" and together with its other subsidiaries, "Steinhoff" or the "Steinhoff Group") announces that during the confirmation hearing in relation to SIHNV's Dutch suspension of payments in the District Court of Amsterdam today, the Court heard the Dutch Administrators, the attending SoP creditors and the Company on the confirmation of the Composition Plan.
  • The confirmation of the Composition Plan was recommended by the supervisory judges and the Dutch Administrators and was supported by the Company and the attending SoP creditors.
  • The District Court of Amsterdam has indicated that it will issue a judgment on 23 September 2021.
  • The Company has a primary listing on the Frankfurt Stock Exchange and a secondary listing on the JSE Limited.

DGAP-News: Steinhoff International Holdings N.V. : Application for posponement

Monday, September 13, 2021 - 4:08pm

As previously announced, in respect of the liquidation application proceedings ("the liquidation application") launched by AJVH Holdings and four others ("the applicants") against Steinhoff International Holdings N.V. ("SIHNV"), certain preliminary matters were set down for initial hearing in the Cape Town High Court ("the Court") on 1 to 3 September 2021.

Key Points: 
  • As previously announced, in respect of the liquidation application proceedings ("the liquidation application") launched by AJVH Holdings and four others ("the applicants") against Steinhoff International Holdings N.V. ("SIHNV"), certain preliminary matters were set down for initial hearing in the Cape Town High Court ("the Court") on 1 to 3 September 2021.
  • For the avoidance of doubt, the Court made no finding on the merits of the application, and has issued no Order in that regard.
  • In addition, both SIHNV and the Financial Creditors have today brought applications to the High Court to postpone the hearing of the liquidation application.
  • The Company has a primary listing on the Frankfurt Stock Exchange and a secondary listing on the JSE Limited.