Legal tip 1192.Clients deciding on Actions against Banks
Monday, August 11, 2014 @ 2:08 PM
It is good that some of our old clients for contract cancellation are deciding now to go ahead with actions against Banks.
We won cases against developers for these clients and, when trying to enforce those Court Decissions, these developers went bankrupted: financial crisis´ impact.
Bad news? No... GOOD NEWS, actually.
The fact that they cancelled their contract in early days is now the gate for them to be able to act against the Bank. Supreme Court recently put a stop on late cancellations as the Magistrates understand that if buyers did not cancel after the breach several years ago, an action now is questionable.
These clients are now provisioning with a bit more of funds so we can conclude the work we started. These were actually the clients we had in mind when we created and developed our service of Actions against Bank out of Law 57/68.
It is not being easy at all but we are getting there...
Cheers!
Maria
Tabarca Island, Santa Pola, Alicante, Eastern Spain, at facebook.com