Friday, March 20, 2015

Amsterdam court points bankruptcy request V & D off – Financieele Dagblad (Registration)

The court in Amsterdam on Friday the request of the bankruptcy of V & D by the North Holland store owner Komen Realty rejected. RTL News reported that

In February reached store V &. D agreement with the majority of its landlords on a one-time conditional rent discount. A small number of landlords did not agree with those agreements. According to the department, the measure was necessary in order to survive

Also on the landlords who disagreed fit V &. D rent discount increasing. Then the real estate companies conspired Mondia and Metro Prop summary proceedings and asked Komen Realty Heerhugowaard bankruptcy.

Rental Discount in depot

The Amsterdam court dismissed Friday from the bankruptcy petition because V & D has not stopped paying. The rent reduction was stopped at a depot and can still be paid to tenants under certain conditions.

from the decision of the court shows according to Yahoo! News, inter alia, V & D has undertaken during the case also Komen Realty to pay, if the summary proceedings of dissident landlords Mondia (owner of the shop in Hengelo) and Metro Prop (owner of V & D buildings in Den Bosch, Heerlen and Sittard) loses.

In the two summary proceedings will be done in the short term decision. In the case of Metro Prop hopes the court that both parties are themselves still come

If V &. D lawsuits by dissident landlords loses, the troubled department store them all three must pay the full rent. The question is how the landlords who have agreed will react with the rent discounts on that development.

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