Spain sued over Popular resolution

摘要

Mexican billionaire Antonio del Valle has launched actions against the Spanish government for its role in the process of putting banco popular into resolution and subsequent sale for €1 to Santander. Valle was the largest shareholder in Popular but existing investors were wiped out in the resolution and sale. He and a group of other Mexican investors, who in aggregate owned 4% of Popular, will argue that the government's role breached the bilateral investment treaty between Mexico and Spain.