Tchenguiz Fund Sues Cuatrecasas for €213m Over Santander HQ Deal

Regulation
โดย Yahoo Finance UK·ESGB·Read original
Summary · why it matters

Edgeworth Capital, a Luxembourg fund owned by British property magnate Robert Tchenguiz, is suing Spanish law firm Cuatrecasas for €213m, claiming poor advice cost it that sum on the sale of Santander's headquarters outside Madrid. Tchenguiz bought the building as part of a €1.9bn deal in 2008, but the vehicle holding it fell into bankruptcy and he sold the property back to the bank for €3bn in 2019. Edgeworth alleges Cuatrecasas failed to properly advise it about two Spanish Supreme Court rulings that limited creditors from claiming interest on certain debts, and that it undervalued the properties because it was unaware the judgments could cap its liability. Tchenguiz claims Edgeworth would have sought €426m more for the headquarters had it known of the rulings, and that it would have been in line for 50pc of that windfall, making up the €213m it now seeks through a High Court claim. Cuatrecasas said Edgeworth would have gained no benefit from being advised of the rulings, and its lawyers said almost every aspect of the pleaded case is in issue.

Impact on stocks 1

Digital Finance & Tokenization▲ · 1 stocks
Banco Santander S.A.
BNC
± MixedRegulationrelevance

Santander's HQ building is the subject of the lawsuit, but the bank itself faces no direct claim or development.

Off-coverage companies 2

CuatrecasasPrivate▼ Negative
Regulationrelevance

Cuatrecasas is being sued for €213m over allegedly poor legal advice on the Santander HQ sale.

Edgeworth CapitalPrivate± Mixed
Regulationrelevance

Edgeworth Capital is the plaintiff seeking €213m, but the outcome of its High Court claim is uncertain.

© 2026 MarketDXNews