Press release
STATEMENT SWEDISH AUTOMOBILE'S CEO IN COURT ON BANKRUPTCY SAAB AUTOMOBILE
AB
Zeewolde, The Netherlands, 16 April 2012 - Statement made by CEO Swedish Automobile N.V. in oath proceeding District Court of Vänersborg on bankruptcy Saab Automobile AB
Mr. Victor Muller today took an oath on what he knows about
the correctness of what is stated in the estate inventory
regarding assets, liabilities and accounting documents.
Mr. Muller made the following additions to the inventory:
- "In my opinion an additional asset in the form of a claim
against the former administrator of Saab Automobile AB, the
lawyer Mr. Guy Lofalk, relating to a repayment obligation on
the part of his fee which in my opinion cannot be considered
to be reasonable. Moreover the claim relates to the damages
Saab Automobile AB (hereinafter "the company") has suffered
as a result of the actions taken by Mr. Lofalk during his
tenure as administrator of the company.
It must be emphasized that Guy Lofalk's assignment as
administrator was based on an appointment from the company
followed by a decision from the district court. The
company's owner, Swedish Automobile N.V., has on the
company's behalf paid his fees in accordance with
instructions and agreements entered into with Mr. Lofalk. I
cannot today specify to what this additional asset amounts
today.
- In my opinion there is also an additional asset in the form
of claim for damages against the law firm Lindahl related to
the fact that the firm, through the lawyer Lars-Henrik
Andersson, committed to the assignment as new administrator
of the company's reconstruction, and then withdrew
his
commitment. It is, however, difficult to assess the amount of
this additional asset today.
- We are assessing whether there are additional assets in the
form of claims for breach of contract and/or tort which can
be made against certain third parties but as per today it is
to early too determine whether those claims exist and, if so,
the magnitude of such claims."
Ends info@swedish-automobile.nl
www.swedish-automobile.nl
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