Gaucho Group Holdings, Inc. Announces Settlement Term Sheet and Plan for Structured Exit from Chapter 11
Gaucho Group Holdings (OTC:VINOQ) has announced a settlement agreement with the 3i Parties to resolve ongoing litigation and facilitate its exit from Chapter 11 bankruptcy proceedings. The settlement involves:
- A $5.5 million cash payment to be made over 12 months
- Cancellation of Securities Contracts
- Dismissal of Delaware Litigation
- Structured dismissal of Chapter 11 Reorganization
The settlement will be secured by the company's rights and interests in the Algodon Mansion and its associated intellectual property. As part of the agreement, the parties will enter into a hotel management agreement for the Algodon Mansion. The settlement term sheet requires approval from the Chapter 11 Bankruptcy Court.
Gaucho Group Holdings (OTC:VINOQ) ha annunciato un accordo di transazione con le parti 3i per risolvere le controversie in corso e facilitare la sua uscita dalle procedure di bancarotta ai sensi del Capitolo 11. L'accordo prevede:
- Un pagamento in contante di 5,5 milioni di dollari da effettuarsi in 12 mesi
- Cancellazione dei contratti di titoli
- Archiviazione della causa del Delaware
- Archiviazione strutturata della riorganizzazione ai sensi del Capitolo 11
L'accordo sarà garantito dai diritti e dagli interessi dell'azienda nella Algodon Mansion e nella sua proprietà intellettuale associata. Come parte dell'accordo, le parti stipuleranno un contratto di gestione alberghiera per l'Algodon Mansion. Il foglio dei termini dell'accordo richiede l'approvazione del Tribunale della Bancarotta del Capitolo 11.
Gaucho Group Holdings (OTC:VINOQ) ha anunciado un acuerdo de conciliación con las partes 3i para resolver el litigio en curso y facilitar su salida de los procedimientos de bancarrota del Capítulo 11. El acuerdo incluye:
- Un pago en efectivo de 5,5 millones de dólares que se realizará en 12 meses
- Cancelación de contratos de valores
- Desestimación del litigio en Delaware
- Desestimación estructurada de la reorganización del Capítulo 11
El acuerdo estará respaldado por los derechos e intereses de la empresa en la Algodon Mansion y su propiedad intelectual asociada. Como parte del acuerdo, las partes firmarán un contrato de gestión hotelera para la Algodon Mansion. La hoja de términos del acuerdo requiere la aprobación del Tribunal de Bancarrotas del Capítulo 11.
Gaucho Group Holdings (OTC:VINOQ)는 3i 당사자들과의 소송을 해결하고 제11장 파산 절차에서의 탈퇴를 촉진하기 위한 합의 계약을 발표했습니다. 합의 내용은 다음과 같습니다:
- 550만 달러의 현금 지급이 12개월에 걸쳐 이루어질 예정입니다.
- 증권 계약의 취소
- 델라웨어 소송의 기각
- 제11장 재조직의 구조적 기각
합의는 Algodon Mansion 및 관련 지적 재산권에 대한 회사의 권리와 이익으로 보장됩니다. 계약의 일환으로, 당사자들은 Algodon Mansion에 대한 호텔 관리 계약을 체결할 것입니다. 합의 조건서는 제11장 파산 법원의 승인을 요구합니다.
Gaucho Group Holdings (OTC:VINOQ) a annoncé un accord de règlement avec les parties 3i pour résoudre les litiges en cours et faciliter sa sortie des procédures de faillite du Chapitre 11. Le règlement comprend :
- Un paiement en espèces de 5,5 millions de dollars à effectuer sur 12 mois
- Annulation des contrats de titres
- Rejet du litige du Delaware
- Rejet structuré de la réorganisation du Chapitre 11
Le règlement sera garanti par les droits et intérêts de l'entreprise dans la Algodon Mansion et sa propriété intellectuelle associée. Dans le cadre de l'accord, les parties concluront un contrat de gestion hôtelière pour l'Algodon Mansion. La feuille de conditions du règlement nécessite l'approbation du tribunal des faillites du Chapitre 11.
Gaucho Group Holdings (OTC:VINOQ) hat eine Vergleichsvereinbarung mit den 3i Parteien angekündigt, um laufende Rechtsstreitigkeiten zu lösen und den Ausstieg aus dem Insolvenzverfahren nach Kapitel 11 zu erleichtern. Der Vergleich umfasst:
- Eine Bargeldzahlung von 5,5 Millionen Dollar, die über 12 Monate erfolgen soll
- Stornierung von Wertpapierverträgen
- Abweisung der Klage in Delaware
- Strukturierte Abweisung der Reorganisation nach Kapitel 11
Der Vergleich wird durch die Rechte und Interessen des Unternehmens an der Algodon Mansion und dem damit verbundenen geistigen Eigentum gesichert. Im Rahmen der Vereinbarung werden die Parteien einen Hotelmanagementvertrag für die Algodon Mansion abschließen. Das Term Sheet des Vergleichs erfordert die Genehmigung des Insolvenzgerichts nach Kapitel 11.
- Settlement agreement provides clear path to exit Chapter 11 bankruptcy
- Structured payment plan of $5.5M over 12 months instead of immediate payment
- Company retains Algodon Mansion through management agreement
- $5.5M settlement payment obligation adds significant financial burden
- Company must pledge Algodon Mansion assets as security for settlement
- Potential loss of control over Algodon Mansion if payment terms not met
Agreement Provides for Structured Settlement and Dismissal of Litigation
MIAMI, FL / ACCESS Newswire / March 18, 2025 / Gaucho Group Holdings, Inc. (OTC:VINOQ), a company that includes a growing collection of e-commerce platforms with a concentration on fine wines, luxury real estate, and leather goods and accessories (the "Company" or "Gaucho Holdings"), today announced that it has entered into a settlement term sheet with 3i, LP, 3i Management LLC, and Maier Joshua Tarlow (the "3i Parties") to resolve outstanding litigation and facilitate a structured dismissal of the Company's Chapter 11 reorganization proceedings, subject to approval by the Chapter 11 Bankruptcy Court.
As previously reported on the Company's Current Report on Form 8-K filed on February 20, 2024, Gaucho Holdings commenced an action in the United States District Court for the District of Delaware on February 16, 2024, through the filing of a complaint against the 3i Parties. The litigation pertained to that certain Securities Purchase Agreement, promissory note, and ancillary agreements (the "Securities Contracts") entered into between the Company and the 3i Parties (the "Delaware Litigation").
Additionally, as disclosed in the Company's Current Report on Form 8-K filed on November 12, 2024, the Company filed a voluntary petition (the "Chapter 11 Reorganization") in the United States Bankruptcy Court for the Southern District of Florida (the "Bankruptcy Court"), seeking relief under Chapter 11 of Title 11 of the United States Code.
On March 12, 2025, Gaucho Holdings and the 3i Parties (collectively, the "Parties") entered into a settlement term sheet under which, in exchange for the cancellation of the Securities Contracts, dismissal of the Delaware Litigation and related litigation, and a structured dismissal of the Chapter 11 Reorganization, the Company has agreed to make a cash settlement payment of
The settlement term sheet is subject to review and approval by the Chapter 11 Bankruptcy Court. The Company will provide updates as appropriate in accordance with its disclosure obligations.
About Gaucho Group Holdings, Inc.
For more than ten years, Gaucho Group Holdings, Inc.'s (gauchoholdings.com) mission has been to source and develop opportunities in Argentina's undervalued luxury real estate and consumer marketplace. Our company has positioned itself to take advantage of the continued and fast growth of global e-commerce across multiple market sectors, with the goal of becoming a leader in diversified luxury goods and experiences in sought after lifestyle industries and retail landscapes. With a concentration on fine wines (algodonfinewines.com & algodonwines.com.ar), hospitality (algodonhotels.com), and luxury real estate (algodonwineestates.com) associated with our proprietary Algodon brand, as well as the leather goods, ready-to-wear and accessories of the fashion brand Gaucho - Buenos Aires® (gaucho.com), these are the luxury brands in which Argentina finds its contemporary expression.
Cautionary Note Regarding Forward-Looking Statements
The information discussed in this press release includes "forward looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical facts, included herein concerning, among other things, changes to exchange rates and their impact on the Company, planned capital expenditures, future cash flows and borrowings, pursuit of potential acquisition opportunities, our financial position, business strategy and other plans and objectives for future operations, are forward looking statements. Although we believe that the expectations reflected in these forward-looking statements are reasonable, they do involve certain assumptions, risks and uncertainties and are not (and should not be considered to be) guarantees of future performance. Refer to our risk factors set forth in our reports filed on Edgar. The Company disclaims any obligation to update any forward-looking statement made here.
Media Relations:
Gaucho Group Holdings, Inc.
Rick Stear
Director of Marketing
212.739.7669
rstear@gauchoholdings.com
SOURCE: Gaucho Group Holdings, Inc.
View the original press release on ACCESS Newswire
FAQ
What are the key terms of VINOQ's settlement agreement with 3i Parties?
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