The claims made by CIM Capital in summary proceedings against the sale of the ‘Industrial Vehicles’ department at Van Hool have been rejected by the chairman of the corporate court in Antwerp. The third-party objection will be addressed on June 10, 2024. CIM Capital, founded by Marc Van Hool, had sought to prevent the knowledge within the trailer division from leaving the country through summary proceedings. They had bid for the trailer division of the bankrupt bus manufacturer but lost out to a subsidiary of the German Schmitz Cargobull.
In summary proceedings, CIM Capital had alleged procedural errors in the bidding process, claiming that other bidders were not given a fair chance and that insolvency laws were not properly followed. However, the court dismissed their claims, stating that two of the three claimants were not creditors and therefore could not bring the claim. The court also found the third claimant’s limited claim to be inconsequential as the sale had already been agreed upon.
The court explained that CIM Capital had invoked a law allowing creditors to appoint an ‘ad hoc curator’ in summary proceedings to halt a sale. However, they determined that the sale had already been finalized and did not see a need for further intervention. In summary, CIM Capital’s claims did not lead to significant measures being taken by
