Investors Pursue Debt Recovery Against Novo Banco and Bank of Portugal

Posted on 02/26/2015

Institutional investors in Oak Finance, the vehicle that lent money to now-defunct Lisbon-based Banco Espírito Santo, are moving forward with debt recovery proceedings. The investor group filed debt recovery proceedings in English court against Novo Banco, the new bank entity that arose from Banco Espírito Santo. In addition, the investor group plans to file proceedings […]