Global Restructuring Review - Cross-border restructuring and insolvency legal news, features and events

Banco Popular investors bring US discovery action against Santander

By Dominic Lawson

07 March 2018

Banco Popular investors bring US discovery action against Santander Santander branch in London iStock.com/BreatheFitness

After threatening an investment treaty claim against Spain, shareholders of the restructured Banco Popular have commenced legal action in New York to obtain information from Santander about its purchase of the bank for €1 as part of a resolution plan last year.