FSA Drops Case: van de Vijver Vindicated

10 November 2005

Today, counsel for Walter van de Vijver -- the former head of Shell's Exploration & Production (EP) and member of Shell's Committee of Managing Directors -- received formal notification from the British Financial Services Authority (FSA) that its investigation of Royal Dutch/Shell Group's reserves re-categorization has concluded without any action against Mr. van de Vijver. Mr. van de Vijver cooperated fully with the investigation and is pleased with the outcome. The law firms of Akin Gump Strauss Hauer & Feld LLP and Ashurst represented Mr. van de Vijver in this matter. John M. Dowd of Akin Gump, one of the attorneys representing Mr. van de Vijver, said, "We are delighted for Walter and his family. He has steadfastly maintained from the beginning that the allegations were without merit. Now a panel from FSA has confirmed and vindicated his position." Founded in 1945, Akin Gump Strauss Hauer & Feld LLP, a leading international law firm, numbers more than 900 lawyers with offices in Austin, Brussels, Dallas, Dubai, Houston, London, Los Angeles, Moscow, New York, Philadelphia, San Antonio, San Francisco, Silicon Valley, Taipei and Washington. The firm has a diversified practice and represents regional, national and international clients in a wide range of areas, including antitrust; appellate; banking and finance; capital markets; communications and information technology; corporate and securities; corporate governance; employee benefits; energy; entertainment and media; environmental; estate planning, wealth transfer and probate; financial restructuring; global security; government contracts; health; insurance; intellectual property; international trade; investment funds; labor and employment; land use; litigation; mergers and acquisitions; private equity; privatization; project development and finance; public law and policy; real estate development and finance; Russia/CIS; tax; and technology. For additional information, please visit our Web site at akingump.com.

Source: PR Newswire

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