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THE SUPREME COURT OF SPAIN GRANTS THE COMPETENCE OF THE CACAOLAT, S.A. CASE TO THE COURT OF BARCELONA

I. – INTRODUCTION After the declaration of bankruptcy of the companies Cacaolat, S.A. and Clesa, S.L. (both of them forming part of the holding “Nueva Rumasa, S.L.”) the different courts started to work on the insolvency proceedings of both companies. In such situation, where one company’s board owns the majority of the other’s rights to vote, questions arising from the…