IMPORTANT PRECEDENT FROM HIGH COURT: DEPOSITARY BANK IS LIABLE FOR BUYERS'S DEPOSITS, ALTHOUGH ACCOUNT WASN'T CALLED SPECIAL AND INDIVIDUAL BANK GUARANTEES WEREN'T GIVEN
A major step has been taken towards the application of 57/68 Act: new High Court judgement states that depositary banks could face liability no matter if the account wasn't called special and no individual bank guarantees weren't given.
This is a major achievement that reinforce the advice about this matter that we have been given to our customers through the years, and could involve the end of the nightmare for many buyers who still are under the belief that there was no hope to recover their money.
So if you bought a new property, but now you don't have the house, nor your money, please do not hesitate to contact us, because we would be delighted to advise you about best way to recover it.