BANCO ESPIRTO SANTO E (BKESF)

[Churak]

What shareholders can expect to receive - zero. Section H item #2:

By law, the shareholders may only be paid through judicial liquidation proceedings for the Banco Espírito Santo, S.A. business that has not been transferred to Novo Banco. Furthermore, under the subordination hierarchy resulting from the applicable legal and contractual provisions, this can only happen after all the other credits over the insolvency have been settled.

https://www.bportugal.pt/en-US/OBancoeoEurosistema/Esclarecimentospublicos/Pages/infobes.aspx

In other words, once all the creditors are satisfied 100%, any residual funds after liquidation, can be distributed to the shareholders.