MOREO AVILES Abogados Lawyers NO WIN NO FEE

Paul that doesnt answer the question, the question was have your company for ACC, successfully recovered any funds for clinets that didnt have a BG in place

If no what are the ACTUAL timescales for this action

Hi Roy,

The answer isn't a simple yes or no unfortunately.

We have recovered money from the builder for clients that didn't have bank guarantees. We did this by uncovering some undeclared assets. 

We have filed a lawsuit against the banks as we feel they were negligent in protecting the assets of those buying a property. We anticipate a resolution to this in 12-18 months. Carlos is confident of success. We haven't taken this action on behalf of Huma clients before but we have done it with other builders and been successful. 

I hope this explains things to your satisfaction. Please remember that I'm not on this forum to drum up business - I simply wanted to reply to the original postings that implied that Carlos Meoro was not a genuine solicitor/barrister.

Best regards,

Paul

Hello all,

Some good news. There has just been a court judgement made regarding Banco Popular. The ruling means that those Huma clients that deposited their money with Banco Popular without bank guarantees can now recover their money. This is an excellent development and should allow similar decisions to be reached with other banks.

Please contact me if you want further information. 

Paul

Check AH Solicitors website for information regarding the recent Murcia Court judgement on recovery non guaranteed deposits.

Sorry, the AH Solicitors website is www.ah-solicitors.com

But the banks can now appeal to the high court, drading on for years, no one has had money returned

Hi JackB and Paul

JackB, you say the banks can appeal to the high court.  This is true but as LucasAssociates explained on another thread, this is unlikely because of the following:

"Can the banks appeal to the Supreme Court? Well, that's not that easy, my friend. The Supreme Court is not a "third instance". It's just an extraordinary instance to which only a few cases have access. The conditions to enter an Appeal for the High Court are: 1) Procedural error 2) Legal infraction or 3) Litigious amount over 600.000 €. In fact, the High Court usually requires 1) or 2) + 3)"

So it seems that as long as your solicitor follows procedure and your claim is not more than €600.000 then you should be OK.  

Paul, if a class action is for more than €600.000, will this trigger the 3rd clause mentioned above?  If so, wouldn't we be better taking individual action?

yes i have been contacted but i really don't know what to do, already spent that much money on this, very reluctant to throw any more, just don't know whether to believe whether people are geniune or not any more! Has anyone had any luck that don't have bank guarantee?

not one person.........if i am wrong, please post name and refund!!!

I agree with Jack, lots of promises of refunds but no one has actually got money in their account.

We had bank guarantees 

good, with bank guarntees it should have been easy...........but without NO one has EVER had a refund....

Yeap Spanish banks completed ignore thier responsibilities!

It is odd isn't it.  Since the Finca Parcs judgement (see the video of Keith Rule here http://www.costaluzlawyers.es/services/property-services/actions-against-banks/) there don't appear to have been any payouts.  I wonder if payments have been made but with conditions attached that they don't publicise the payouts?

Anyway, it is worth remembering that Keith Rule's group didn't have BGs either.

Looking back through the archives it looks as though they were paid. They were weren't they?  This link suggests they were.

http://www.eyeonspain.com/blogs/ley5768/10254/FINCA-PARCS---NO-SUPREME-COURT-APPEAL-FROM-CAM-BANK-%E2%80%93-CASE-CLOSED.aspx

Maybe it's time to turn the heat up n the banks

Agreed it looks like they have had their deposits and interest back but only after a long hard legal battle, I wonder what they mean in the sentence "In due course the 47 group members will each receive a refund of their off-plan deposits less costs." In particular "Less cost" does that mean the legal costs or some other costs and how much was it?? I am fortunate that I did have BG and got my two stage paymenst back after a long fight but I reckon I'm still out of pocket by around 12K euros for legal costs, interest and the original 3005 euro deposit.  Perhaps all those who didn't have BG should contact Maria and see if its possible to get a case together, I'm just still not convinced that everyone, even solicitors in Spain are only really interested in lining their own pockets.

I offered any solicitor half of the 50.000e I had stolen by HUMA......out of money they recovered, NONE wanted to take me up, one said he would sooner have 3200euros upfront than 25.000 thousand euros...........they think we have been mugs and conned by HUMA so we will be easy pickings for them to con us again....bullshi**ers not bullfighters..

We have just completed all the paperwork for a ''no win, no fee'' group action against the banks with Fuster, we were given the option of a fee up front or no payment with 20% taken from funds retrieved,  we have opted for the latter and hope this all comes good,  but like jackb we would be prepared to offer a good percentage to anybody who thinks they have a realistic chance as at the moment we have diddly squat!  We will keep you posted.

Having read this thread with great interest ,I felt it appropriate to comment as there seems to be some misunderstanding of "no win no fee ". 

I work in the field of financial misselling and we do offer this service however it is litigation funded . This means that once a claim is prepared for a client or group of clients the file is passed to a barrister to asses the prospect of winning the claim in court . Assuming the barrister , or panel of barristers in some cases feel there is a very good chance of a win or a settlement out of court ( usually by assessing if there is an insured target to claim against ) then funding is provided to the law firm to run the claim .

on successful completion and return of funds the litigation funders claim between 20-40% as their fees .Please note although this may seem high they have assumed all the risk of the claim and any counter claim for costs that  may come their way if the claim fails . - n.b in law the loosing side assumes the costs of the case for the winner.

I  live in England but do have a holiday home in Spain and read this forum regularly latterly I notice an eminent lady lawyer describe her version of no win no fee on here which was not like most u.k citizens would be used to and felt as further confusion seems to abound on this matter that an explanation may assist .

Further to the no win no fee debate. I now live in a Spanish province and we would just like to inform everyone that the law changed here in Spain in March this year with regard to spanish property payments. We have just used ah solicitors on a no win no fee basis and we have just received the first payment back in full within 12 weeks. They are now working on the second payment and we should receive this payment back shortly. Do not pay out any up front monies to any solicitors as you do not need to. I would recommend that you contact this firm of solicitors and talk to them and make your own decision as we did.