An article was published on Dutch business-news channel RTLZ a couple of hours ago that the company is now in “surseance”. 

From what I can gather, that is part of formal insolvency proceedings under Dutch law, and apparently means that payments to their creditors have been suspended.

 

Here is the article, http://www.rtlnieuws.nl/economie/home/moeder-swets-zeitlinger-surseance

 

 

Maureen

 

Maureen Herraghty

Director of Library Services

Donald Danforth Plant Science Center

St. Louis, MO

mherraghty@danforthcenter.org

 

From: Serials in Libraries Discussion Forum [mailto:SERIALST@LISTSERV.NASIG.ORG] On Behalf Of Melissa Kalinen
Sent: Monday, September 22, 2014 10:01 AM
To: SERIALST@LISTSERV.NASIG.ORG
Subject: [Junk released by Policy action] [SERIALST] Fwd: Re: Fwd: Important and urgent information about the status of your subscription agent, Swets

 

Did anyone else get this message from Elsevier?

If so, is anyone taking any particular kind of action regarding their orders with Swets?

Thanks for any feedback.


Melissa Kalinen
Supervisor, ER&S: Serials
IPC, 1st flr Van Pelt-Dietrich Library Center
University of Pennsylvania Libraries
(215) 746-2087
mkalinen@pobox.upenn.edu
 

 

 

-------- Original Message --------

Subject:

Important and urgent information about the status of your subscription agent, Swets

Date:

Mon, 22 Sep 2014 09:31:10 +0200

From:

Elsevier Customer Support team <customercommunications@mail.elsevier.com>

Reply-To:

Elsevier Customer Communications (A&G) <customercommunications@mail.elsevier.com>

To:

<mcedrone@mail.med.upenn.edu>

 

Can't see this email properly? Click here to view an online version

 

Dear Valued Customer,

We are writing to inform you about an important development with Swets & Zeitlinger Group B.V. (Swets), a subscription agent your institution uses to obtain products from Elsevier and other STM publishers. We at Elsevier learned that on Friday, 19 September 2014, an Amsterdam court granted Swets a provisional suspension of payments.

You may be aware that the role of the subscription agent is to accept and cumulate subscription orders and payments working on your behalf as the customer, and ultimately to relay those orders and payments to Elsevier and other publishers. Until such orders and payments reach us at Elsevier, we won’t be able to fulfill your order.

Considering the filing that Swets has made, we advise you to carefully consider the placing of orders or making payments to Swets, and to also determine whether you have placed such orders or made payments in the past several weeks, until such time as the legal situation of Swets is clear.

In addition we strongly recommend to forward this email to your finance, accounts payable or procurement professionals, and you might want to consider obtaining legal advice on these points as well.

We recognize you will have many questions upon receiving this note, so please know we intend to communicate with you further as more information becomes available.

 

With kind regards, 
 

Elsevier Customer Support team  

 

Elsevier B.V | Millennium Tower | Radarweg 29 | 1043 NX Amsterdam | Netherlands |

 

 

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This message has been sent to mcedrone@mail.med.upenn.edu from Elsevier Communications on behalf of Elsevier Customer Communications (A&G).
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-- 
Katie Rizzio
Head, E-Resources & Licensing
University of Pennsylvania Libraries
3420 Walnut Street
Philadelphia, PA 19104
tel: 215.573.0286
fax: 215.573.9610
elecacqu@pobox.upenn.edu

 

 

 


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