British High Court finds Quinlan firm liable for €105m
A company set up by Derek Quinlan and the British investor Glenn Maud to buy the Madrid headquarters of Banco Santander for €1.9 billion has been found liable for €105 million in the High Court in London.
In a recent judgment, the company, Ramblas Investments, was found liable for the money owed to Aabar, the Abu Dhabi sovereign wealth fund, and Edgeworth Capital, a firm linked to English businessman Robert Tchenguiz.
In his judgment, Justice Nicolas Hamblen concluded: “I find that Ramblas is liable to pay to the claimants the fee claimed of €105,201,095.89 together with simple interest at 2 per cent above the applicable Euribor rate.”
The judgment is ...
