Sector Regulation Sector Regulation

Monte dei Paschi investors can challenge 2017 bailout package, EU General Court says

By Jack Schickler
  • 24 Feb 2021 06:01
  • 24 Feb 2021 06:01
Investors in Monte dei Paschi di Siena have scored a preliminary win in their bid to overturn the 2017 restructuring of the troubled Italian lender, which included substantial public subsidies. 

The EU General Court has ruled that hedge funds based in the Cayman Islands, Luxembourg and Ireland had standing to challenge the commission’s

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