Banco Santander Fights Info Bid In NY For Spain Proceeding

By Caroline Simson (April 13, 2018, 4:47 PM EDT) -- Banco Santander SA urged a New York federal court on Thursday to turn away a group of Mexican former shareholders in Banco Popular Español SA seeking information needed for an upcoming arbitration against Spain, arguing their petition stretches the applicable statute "far beyond its breaking point."

Led by Mexican billionaire Antonio Del Valle Ruiz, the 55 investors asked the court last month to allow them to obtain discovery from the New York offices of Spanish bank Banco Santander SA and its affiliates, saying the information is needed to shore up an arbitration they intend to file against Spain and related EU...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!