Global Restructuring Review - Cross-border restructuring and insolvency legal news, features and events

Steinhoff’s investors suspend Dutch class action so company can reorganise

By Mohamed Dabo

18 October 2018


Steinhoff’s investors suspend Dutch class action so company can reorganise
Steinhoff International owns Britain’s bargain-priced general goods store chain Poundland / istock.com/kodda

Shareholders suing South African conglomerate Steinhoff International Holdings in the Netherlands have agreed to suspend their class action lawsuit to give the retailer breathing space to continue its ongoing UK restructuring.