On January 20, 2009 Erick van Egeraat filed for bankruptcy of his Rotterdam based (EEA) Erick van Egeraat Associated Architects BV. Following this event, Erick van Egeraat reached an agreement with the Court appointed administrator, Raymond de Bok, to carry on work on all projects. Both parties are pleased to see that the final obstacles towards a durable solution have now been removed. After having secured the support of several investors, talks about the details of continuation with the parties concerned are currently underway.
The current portfolio contains over 50 active projects. The consequences of the current climate on the financial and real estate markets demand critical reflection and thorough restructuring. Erick van Egeraat: "This is something I am very aware of and have been working towards for the past year. On the other hand I can say that I am very happy to have received so many positive and supportive reactions. It is truly comforting to see such a wide variety of clients; partners and colleagues offer their assistance. This has definitely helped to strengthen my confidence in a good outcome of this process."
Source: Erick van Egeraat Associated Architects