Legal tip 277. Low cost action against Banks. Manifesto by Costaluzlawyers

Expatica - Health
Post reply   Start new thread
New - Old :: Old - New

Pages: 1 |

Gran Mirador Golf And Country Club forum threads
The Comments
30 Jun 2010 12:00 AM by mariadecastro Star rating in Algeciras (Cadiz). 9419 forum posts Send private message

mariadecastro´s avatar

This message is brought to you by Costa Luz Lawyers in association with Eye on Spain

 Because we see this is what is needed in the most of the cases were people bought off plan and did not receive a Bank Guarantee,

 

Because claimers are frustrated and tired of waiting for years for actually receiving the refund of their money after a Court Decission being won in Courts, due to poor financial status of developers now,

 

Because it is a great tool to try to put some correction to the financial system in off plan purchases for the protection of buyers so we can be sure these current problems will not happen again in our country,

 

Because we need to show to foreigners that Spain has a strong and coherent legal system,

 

Because we can offer low cost action to groups of people under the rules of our professional ethical code,

 

Because Banks lack of control of Guatantees on deposits by individual people of off-plan purchases have been the necessary element without which the current off-plan disaster in Spain would have never happened,

 

Because Law 57/68 makes them clearly liable for the lack of Bank Guarantees,

 

Because we have been studying this action for months with the help of a first class Law Professor who is available to answer questions in Court regarding the report he produced for us,

 

Because it is necessary, mainly because you need it

 

We are offering to all the EOS members the possibility of joining existing actions against Banks under provision 1.2 of Law 57/68 at a much reduced cost.

Main ground of Law 57/68 is the protection of money advanced by individuals before construction work begins or during it, in many cases the savings of a lifetime. 

The actual preamble or “exposición de motivos” of the said Law establishes that all the "abuses in this type of businesses have made as necessary the establishment of general preventive rules which will guarantee both the real and effective application of money advanced by purchasers and prospective customers to the building of the house and to the refund in the event that the building does not take effect". 

The most preventive, general, inalienable obligation that this Law established was for banks or savings banks, where money was paid to by buyers, to secure the establishment of Bank Guarantees or insurances policies, UNDER THEIR LIABILITY. Banks were therefore here established as guardians of Law 57/68 with express obligations of:

1)    Place those deposits in special accounts
2)    Control the destination of funds to building works
3)    Verify on the existence of the Guarantees required by Law 57/68

Please contact us here: 
web@costaluzlawyers.es if you want further information about this.

 

Have a great weekend,



Maria L. de Castro

"The port of Tarifa (Cadiz)!, by Luis Lopez-Cortijo



_______________________

Maria L. de Castro, JD, MA

Lawyer

Director www.costaluzlawyers.es

El blog de Maria


Like 0

Spam post or Abuse? Please let us know

Pages: 1 |
Post reply   Start new thread


Previous Threads

Gran Mirador April 2010 - 1 posts
Upkeep on Grn Mirador 4 - 1 posts
Upkeep on Grn Mirador 4 - 4 posts
General Stuff - 1 posts
Rentals - 1 posts
Sunrise - 2 posts
Brand New Boxed 42inch LCD tv - 0 posts
Inflatable Spa Hot Tubs - 0 posts
Inflatable Spa / Hot Tubs - 0 posts
Excellent book on the financial side of how to run a community. - 0 posts
Looking for a good british lawyer - 0 posts
BIG truck required to hire for about a week. - 1 posts
Bank / mortgage problems. - 3 posts
Place in the Sun - where are they now? - 6 posts
Vocational Skills Training... - 5 posts
GMTV: We're looking for expat families... - 3 posts
Where can I buy this to fix my pool? - 1 posts
Quote for removals, is it OK? - 12 posts
Thread problems - 1 posts
Estepona Agent Agents Please - 1 posts
newcomers in Spain - 3 posts
Look at this web site - 1 posts
Thankyou Maria - 0 posts
British Expats in Costa de la Luz! - 0 posts
Hi Vis vests & spare bulbs - 4 posts

1 posts were found:


1 |
Our Weekly Email Digest
Name:
Email:


This site uses cookies. By continuing to browse you are agreeing to our use of cookies. More information here. x