Abu Dhabi's Mubadala wins $825mln arbitration against Signa and founder Benko
7 Articles
7 Articles
The Benko family's asset bunkers are increasingly under pressure: What does the 700 million ruling of the International Arbitration Court mean for the Laura Privatstiftung? And what legal costs have been incurred in the long-standing dispute with the Mubadala State Fund?
The Mubadala State Fund is a major believer in the Signa Group. He has now been successful in proceedings against several subsidiaries, private foundations and founder René Benko. Benko himself is getting away with it this time.
Benko has to pay EUR 700 million to Abu Dhabi. Judicial verdict makes private foundation tough.
So far René Benko got away with comparatively small fines. But now the International Arbitration Court ICC has passed a verdict in Paris with far-reaching consequences.
The deep case of the investor René Benko has an immense legal replication. An arbitration court assigns a large sum to a creditor. This puts a foundation in the focus.
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