For Teresa Barger, Chilean billionaire álvaro Saieh's
luxurious Fifth Avenue apartment provided a welcome respite
from the New York winter one bitterly cold day last December.
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Barger, managing director at Cartica Capital - a shareholder
in CorpBanca, the Chilean bank Saieh controls - says the
businessman that afternoon graciously offered her a tour of his
residence, including a viewing of his private collection of
early Renaissance Italian art, much of it dating back to the
thirteenth and fourteenth centuries.
"He's very personable, very cultured," Barger says in an
interview. She left the meeting reassured that Saieh and
CorpBanca would act in the interest of all shareholders -
including minority investor Cartica - in a proposed M&A
deal. That's precisely what CorpBanca, Chile's third largest
commercial lender, says it did.
But by June, Cartica and Saieh were on opposite sides of an
increasingly acrimonious legal battle as the asset
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