Legal tip 861. NEW Court decission on Banks liabilities
Monday, December 3, 2012 @ 3:23 PM
Alicante Appeal Court SAP A 2571/2012
Id Cendoj: 03014370082012100348
Dated September, 14th, 2012
A woman Judge again: so interesting!
Despite it was not the core of the appeal, the Judge Maria Cristina Trascasa, taking the chance to set the right application of provision 1.2 of Law 57/68 in accordance with Navarre High Court?
She says that in accordance with room 9 of Alicante Appeal Court, in its decision dated 25th of June 2010, the main aim of Law 57/68 cannot be disregarded just due to the type of Bank account money was deposited in.
And mentions the Decision of the High Court of Justice in Navarre which says that the Saving Bank needs to require developer to place deposits in the special Bank account.
The lack of hygiene on the management of funds by developer and Bank can never be against the buyer which is trusting and advancing amounts off plan.
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"Alicante", Comunidad Valenciana, East of Spain, by Jose-88, at flickr.com