London judge stops Maud company receiving money from Santander HQ sale

A London judge has made an order ensuring that money that would have gone to property investor Glenn Maud as a result of the sale of Santander’s headquarters in Madrid is instead directed to the Spanish insolvency administrator.

Maud and business partner Derek Quinlan are embroiled in a complex series of disputes over their 2009, €1.9bn purchase of the Spanish bank’s headquarters though their vehicle, Marme.

At the time, the deal was thought to be the biggest property transaction ever to take place in Europe.

The pair are now involved in litigation with creditors seeking hundreds

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