Laura Privatstiftung filed for insolvency in Innsbruck, deeming it didn’t have the means to meet its obligations to Mubadala, it said in a statement. The foundation was co-founded by Benko in 2006, and some of its units became deeply intertwined with the financing of his sprawling Signa real estate and retail empire. Mubadala pursued Laura Privatstiftung as well as other companies and trusts linked to Benko at the International Court of Arbitration. Rising interest rates and regulatory scrutiny of banks’ exposure to Signa pushed its largest holding companies into insolvency in 2023. Benko is being held in custody in Austria and has been found guilty of insolvency fraud.

Source: The Edge Markets March 11, 2026 14:22 UTC