Meinl Bank: New Attacks Against Atrium

Professional ServicesReal Estate ♦ Published: January 21, 2011; 00:58 ♦ (Vindobona)

The dispute between the Austrian bank and the American-Israeli real estate fund is getting fiercer. Meinl is calling a bond.

Meinl Bank: New Attacks Against Atrium / Picture: © Meinl European Land

The exchange of blows between Meinl Bank and the successor of the former Meinl European Land Fund (MEL) is becoming more violent. After mutual filing of claims in the billions, the Bank now calls in the litigation funding specialst AdvoFin.

What is explosive, is that there are litigations being conducted between AdvoFin and Meinl Bank. However, the Board of AdvoFin is not averse…