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We refer to our press release 11/42 of 11 November 2011, informing that on 10 November 2011 the Luxembourg district court, sitting in commercial matters, decided i.a. that the protective measures listed in article 28 of the Luxembourg law of 22 March 2004 on securitisation, are applicable to the Luxembourg socit anonyme ARM Asset Backed Securities S.A. (ARM). The Commission de Surveillance du Secteur Financier (CSSF) was informed on 29 November 2011 that ARM has lodged an appeal before the Court of appeal (Cour dappel) against the district courts said judgment of 10 November 2011. As the judgment had been declared immediately enforceable notwithstanding any appeal, the situation remains unaltered until the Court of appeal will...
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