Benko family trust files for insolvency after USD 1 billion arbitration order linked to Signa collapse
A family trust associated with Austrian real estate developer Rene Benko has filed for insolvency after arbitration rulings required it to pay nearly USD 1 billion to companies linked to Abu Dhabi’s sovereign wealth fund Mubadala Investment Company. The filing was made with a court in Innsbruck, which confirmed that insolvency proceedings have been opened.…

