( November 13, 2017, 13:19 GMT | Official Statement) -- MLex Summary: A group of investors including Algebris have taken legal action at the EU's first-tier court against the Single Resolution Board to challenge the regulator's role in the resolution process for Banco Popular Español. Last June, the lender was sold to Banco Santander for 1 euro after regulators deemed it to be failing, causing losses for investors.The summaries of the following appeals are further below:
Action brought on 6 August 2017 — Hernández Díaz v SRB (Case T-521/17)
Action brought on 16 August 2017 — González Calvet v SRB (Case T-554/17)
Action brought on 17 August 2017 — Algebris (UK) and Others v SRB (Case T-575/17)
Action brought on 4 September 2017 — Remolcadores Nosa Terra and Others v Commission and SRB (Case T-600/17)
Action brought on 19 September 2017 — Hola v Commission and SRB (Case T-631/17)
Action brought on 21 September 2017 — Helibética v Commission and SRB (Case T-638/17)
Action brought on 20 September 2017 — Policlínico Centro Médico de Seguros and Medicina Asturiana v Commission and SRB(Case T-637/17)
---...
Prepare for tomorrow’s regulatory change, today
MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.
Know what others in the room don’t, with features including:
Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
Curated case files bringing together news, analysis and source documents in a single timeline