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Court Extends Suspension of Payments of La Perla with 9 Months

AMSTERDAM, 8 July 2011 – The Court of Amsterdam has extended the suspension of payments of the three La Perla companies with 9 months. At the end of July, the period of 18 months for which the suspension of payments was granted in the first instance will terminate.

The trustee, Bart de Man of Kennedy Van der Laan, is positive about this decision of the Court: "At this moment we are working hard on the investigation into the feasibility of a wellsubstantiated and durable composition with creditors, together with external advisors. Since the end of April of this year we have a short-term preferential loan to a bankrupt estate which enables La Perla to complete this investigation in the coming period. Meanwhile, it remains a challenge to keep the assets together."

Incorporator and owner Geert Duizendstraal is pleased that La Perla has been given extra time and support once again from the informal lenders and the other creditors in order to investigate how the available assets of La Perla can be used as good as possible in the interest of the parties involved.

Publication date : 08 July 2011

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Bart de Man

Tel: +31 20 5506 841
E-mail: bart.de.man@kvdl.nl

About Kennedy Van der Laan

Kennedy Van der Laan, founded in 1992, is one of the top-20 law firms in the Netherlands. The firm defends the legal interests of multinationals, businesses operating nationally, start-up companies, government and semigovernment
bodies and NGOs. The mission of Kennedy Van der Laan is to provide the best possible legal services
and expertise to our clients while living our commitment to personal and social responsibility