Monthly Archives: October 2021

THE SUPREME COURT OVERTURNS BANK SANTANDER’S CLAIMS IN THE BANCO POPULAR CASE

On 15 September 2021, the Supreme Court published an order declaring the inadmissibility of the appeals (extraordinary appeal for procedural infringement and cassation) filed by BANCO SANTANDER against the judgment of 8 March 2019 handed down by the Provincial Court of Zamora which upheld the judgment of Benavente Court of First Instance No. 1. In the first instance judgment, the plaintiff’s claim was upheld, declaring the nullity of the contract for the purchase and sale of shares in BANCO POPULAR (now BANCO SANTANDER) on the occasion of the capital increase carried out by the plaintiff in 2016.