UM advises Banco Sabadell on a multi-million dollar claim
December 12, 2024At Uría Menéndez we are proud to share a major success for our client Banco Sabadell. Our team of lawyers, working closely with the law firm PCB Byrne LLP, has succeeded in having the claim brought against several companies of the Cerberus group upheld in full, obtaining an order to pay EUR 358 million in principal and EUR 47 million in interest.
This case involved complex UK legal proceedings relating to the deferred price of the sale and purchase of three real-estate portfolios.
José Miguel Fatás Monforte (partner, Litigation), Julio Iglesias (partner, Litigation), Francisco José Caamaño Rodríguez (managing associate, Litigation), Belén Adell Troncho (senior associate, Litigation) and Marta Nadal Cebrián (former managing associate, Litigation) defended the client’s interests, with input from Fernando Azofra (partner, Real Estate) and Rafael Castillo Echevarría (managing associate, Real Estate).