Monday, January 5, 2015

Family Oad travel declares war on Rabobank – AD.nl

Family Oad travel declares war on Rabobank – AD.nl

Edited by: Tim Kooijman
5-1-15 – 10:33
It declared bankruptcy in 2013 Oad now demanding 80 million euros of Rabobank. © anp.

The former owner of the bankrupt trip empire Oad, the family Ter Haar, demanding 80 million euro in damages Rabobank .



In documents that tomorrow will be filed with the court in Utrecht, the shareholder family says that the tour company through the unnecessary credit termination by the department special management of the bank went bankrupt. Thereby lost about 1,600 people their jobs and members creditors, including the Travel Compensation Fund, a noose of tens of millions.

The family Ter Haar has the money that was intended originally in 2013 for an additional capital injection, approximately 7 , 5 million set aside to litigate to the Supreme Court, said a spokesman. Rabobank’s family Ter Haar a counter-claim in prospect on December 11 letter. According to lawyers of the bank’s claim has no chance and that merely serves to damage the reputation of the bank. Oad with a team of top lawyers has declared war on Rabobank.

The 1924 dating family business went bankrupt in September 2013 after Rabobank had terminated the credit line of 20 million euros. According to the bank met the family shareholders do not meet the requirements for capital gain. The family Ter Haar, however, according to a spokesman for the bank as much collateral as commercial buildings and buses had claimed that the risk was already full to the shareholders. As an example, call the lawyers in the documents that Rabobank after the sale of various securities 5 million of trustees must repay has. It was also the seasonal credit of 20 million euros annually repaid in full.

The bankruptcy of Oad cost nearly 1,600 people their jobs and business associates were left with a noose around 100 million euros.

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