ESFG advances to court against the New Bank creation – Economic

ESFG advances to court against the New Bank creation – Economic

Lusa

18:06

Manager bankruptcy of ESFG brought two cases in the Administrative Court of Lisbon.

The Espírito Santo Financial Group (ESFG ), whose bankruptcy was declared on 10 October, forward with legal action for annulment of the decision setting up the New Bank, according to a statement sent to Lusa.

Also today was received at the Administrative Court of Lisbon another action to annul the decision to suspend voting rights of ESFG BES , taken by the Bank of Portugal on 30 July, the statement of the law firm PLMJ .

The actions were brought by the insolvency administrator of ESFG , defending the interests of creditors, which mandated the law firm PLMJ to represent the financial arm of Group Holy Spirit in those two cases.