PRESS RELEASE
14/12/2004

Judgment in summary relief proceedings concerning collection of certain share leasing contracts

Awarding a request by the Eegalease-foundation, the president of the Amsterdam district court decided today that Dexia Bank Nederland for the time being should refrain from commencing new collection proceedings against clients whose husband or spouse has annulled the agreement on the grounds that the husband or spouse has not given his or her consent thereto. The president set a number of conditions, including providing evidence that there was a marriage at the time the agreement was concluded. In addition, the decision only relates to share leasing contracts concluded after February 1st, 2000. Pending collection proceedings are allowed to continue. This injunction does not include any decision as regards the merits of the underlying dispute as to whether the consent of the husband or spouse was required.

The president ordered a stand-still until April 15th, 2005, awaiting a decision in either of two cases pending before the courts of appeal of Amsterdam and Den Bosch. In those cases the court of appeal will decide as regards to the underlying dispute as to whether the consent of the husband or spouse was required.

Dexia Bank Nederland recalls that for the benefit of clients who are facing financial difficulties a hardship policy was adopted which seeks to prevent that the bank and its clients meet in court.

 
Contact : pressdexia@dexia.be - Tel. : 02 222 44 01