Category: Espirito Santo Financiere SA

Luxembourg rejects bankruptcy appeal by Espirito Santo’s Rioforte

Dec 3 (Reuters) – A Luxembourg court on Wednesday confirmed that a holding company of Portugal’s Espirito Santo family could not receive bankruptcy protection. Rioforte Investments, whose assets include many of the family’s holdings in real estate, hotels and plantations, had appealed against an earlier decision by a Luxembourg court...