IF I HAVE ISSUED LEGAL PROCEEDINGS, CAN I SETTLE?
Tuesday, May 18, 2010 @ 7:05 PM
Yes. If you have issued legal proceedings against a Spanish developer for breach of contract, you can settle at any time. So long as the defendant, the person you are suing, also agrees to settle.
Usually a document can be signed by the lawyers representing both parties and presented to the court dealing with the matter which will halt the legal proceedings.
If your matter is part of a class action and you settle after the defendant has been notified, then you could be subject to the other side's legal costs, subject to the discretion of the Judge. At any time individual members of a class action can settle their matter and the remaining members´ claim continues.
If your matter is part of a class action and you settle before the defendant has been notified, then you are unlikely to be subject to the other side's legal costs.
If you do settle, it is important that you halt the legal proceedings and sign your agreement with the developer at the same time. There have been cases of developers offering certain benefits in exchange for the withdrawal of legal proceedings, after which they do not complete their side of the bargain or the property they did offer you has suddenly been sold!
In the event of settling a matter with a Spanish developer, usually each party will pay their own legal costs for the proceedings issued to date.