Class Action Against CAM Bank?

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09 Jan 2013 5:13 PM by charlieatuhy Star rating. 4 forum posts Send private message

I am an English lawyer currently working in Barcelona for UHY & Fay, a mixed law and accountancy firm, which also has offices in Málaga, Puerto Banús, Madrid, Santiago de Compostela and Tenerife. The firm’s litigation department specialises in fraud and financial scams and the criminal and civil claims that arise from them. It has broad experience in representing clients who have been defrauded by unscrupulous financial advisors and property developers across a wide range of different scams.

Having read the posts on Eye On Spain relating both to Trampolín Solera and Trampolín Hills, and in light of the success of the Finca Parcs and Bosque del Lomas actions, I wondered whether there was any interest on the part of residents of either Solera or Trampolín Hills in pursuing a group action of their own against CAM Bank? My firm would certainly be interested in providing representation, should there be a sufficient number of people to make such action worthwhile.

I am aware that residents have a variety of different problems with regard to the bank and many already have legal representation in relation to claims made against Trampolín and their administrators.  However, we are interested to gauge whether there is any appetite to take on CAM Bank and to discover the nature of those different problems (Bank Guarantees; developers remortgaging without consent etc.) so that we can see whether we might be able to bring them together in a single action to help you to try to get your money back.

Certainly, the FINCA Parcs decision does seem to suggest that things might be moving against CAM Bank—as well showing the value of concerted group action. Feel free to Personal Message me if you would feel more comfortable doing that.

In the meantime, I hope that 2013 brings you success in your fights for justice.

Yours sincerely,

Charlie at UHY




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