Legal tip 1186. NEW! Nullity of credit to buy a null and void timeshare
Wednesday, July 30, 2014 @ 1:48 AM
We published an iddentical case some weeks ago. That time the decission was passed by Asturias Appeal judges
Today´s post is about a Madrid Appeal Court Decission (April 2014) which confirms nullity of loan linked to the timeshare purchase.
The key point for the declaration of nullity of the finantial contract is the clear evidence on (1)previous agreement between the Bank and the timeshare company. There was (2)no direct relationship between the lender and the consumers.
This two facts have been enough evidence for the Madrid judges to consider two contracts as linked and to declare nullity of both.
The Natural Park Cape of Gata-Nijar (Almería), South eastern Spain, at facebook.com