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Banco Espírito Santo resolution can't cancel outstanding misselling claims, court opinion says

( November 19, 2020, 14:32 GMT | Official Statement) -- MLex Summary: The winding-up of EU banks cannot cancel outstanding legal cases against the lender, leaving complainants to pay court costs, an opinion produced for the EU's highest court has said. Advocate General Juliane Kokott underlined the right to a fair trial of a Spanish investor, who said she'd been poorly advised about the purchase of 166,000 euros of shares in Kaupthing Bank by Banco Espírito Santo, before the Portuguese bank was put into resolution proceedings.Opinion attached. ...

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