Tribunal Rejects Mexican Investors’ 647M Euro Claim Over Spanish Bank’s Collapse

(May 22, 2023, 9:49 AM EDT) -- THE HAGUE, Netherlands — A group of Mexican share- and bondholders in Spain’s Banco Popular were defeated in their claims against the Kingdom of Spain for allegedly failing to prevent the bank’s collapse and the loss of their investments’ value, with a Permanent Court of Arbitration (PCA) tribunal ordering the claimants to pay Spain 7.9 million euros in attorney fees and arbitration costs....

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