In a judgment just issued, the Supreme Court, ruling on a cassation, states the obbligation of BBVA, Banco Popular and SGR before the buyers of SAdM.
The Supreme Court states in this ruling that the right to be refunded comes out from the guarantee policy, and not from the individual certificate.
This confirms the line of reasoning held by us and other firms in our claims against the banks receiving the advanced payments and deposits, as the Supreme Court understands that the mere payment of the agreed amounts puts the buyers under the protection of the policy, as this kind of guarantees are considered as a collective insurance.
It's great news for all buyers not refunded yet, and also for those claiming before courts and waiting forn a definitive ruling of their case.
Find below a link to the relevant piece of news:
http://www.legaltoday.com/actualidad/noticias/el-supremo-dictamina-que-la-falta-de-un-aval-individual-en-las-polizas-colectivas-no-impide-estar-asegurado