Spanish banks not issuing bank guarantees - Fortuna Golf development

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07 Dec 2015 2:48 PM by misfortuna Star rating. 1 posts Send private message

I'm in more or less the same situation as Markbhoy, though my case is, in a way, further forward. I used Plus Advisors and they did absolutely nothing to help me get my deposit back. Since then I used another (real) Spanish law firm to take my case to the Court of First Instance, where I lost against the particular bank in my case. I believe  - though I am still trying to obtain a copy of the sentence document - this was because the Fortuna apartments are classed as 'touristico' and not residential, which the banks use as an excuse not to issue bank guarantees under Law 57/1968.

Although I am encouraged by the news that the Supreme Court emphasises the protective nature of Ley 57/1968, the judge's decision in my case was apparently definitive. Does this mean I have no right of appeal, even in the Supreme Court? Your thoughts on whether I have a right of appeal would be greatly appreciated.





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25 Apr 2016 11:18 PM by hugh_man Star rating in Kent/Roda . 1593 posts Send private message

hugh_man´s avatar

Some good news from the Spanish Legal system finally forcing the banks to honour bank guarantees.

 

http://murciatoday.com/landmark-judgement-in-valencia-ensures-compensation-for-buyers-on-trampol%C3%ADn-hills_29847-a.html?subject=&category=





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29 Apr 2016 10:37 AM by mariadecastro Star rating in Algeciras (Cadiz). 9419 posts Send private message

mariadecastro´s avatar

Legal tip 1179. NEW! WON CASE AGAINST BANCO CAM (now ...

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Many results already in Fortuna. Optimize hope!

 

 

 


This message was last edited by mariadecastro on 29/04/2016.

_______________________

Maria L. de Castro, JD, MA

Lawyer

Director www.costaluzlawyers.es

El blog de Maria



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23 Nov 2017 2:45 PM by jerryb Star rating in UK. 21 posts Send private message

Whilst enjoying a little browse through the old threads, I came across this one.

l am one of the lucky clients on the list that had a (partial) win.

However, to date, I have still not had a penny (or peseta) back.

I wonder how many others on that list are still waiting?





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16 Mar 2018 10:32 AM by jerryb Star rating in UK. 21 posts Send private message

I thought it only fair to place another comment on this thread, and it refers to my last comment in November.

I have had my deposit back now, albeit awaiting a final decision from the Supreme Court, whenever that may be, but it's in my hands, and it is a partial win. This is due to my deposit going to 2 banks, the location of the 2nd part has recently been discovered, so, legal proceedings are commencing for that, fingers crossed on that.

Overall, feeling more confident that my full deposit will be returned. 

The lost interest I was also looking forward to, gets swallowed by legal fees though, upwards and onwards.





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17 Mar 2018 12:02 PM by fazarelli Star rating. 282 posts Send private message

At least that's something Jerry. The exchange is presumably in your favour now though?

Can you give us any further details (you can tell small fibs if you're worried about compromising your case. Just basic details would help)? When did you buy the property? When did you start your legal action? What region? Was interest applied from day one?





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18 Mar 2018 7:32 PM by jerryb Star rating in UK. 21 posts Send private message

I put down the deposit in 2006, in the Mercia region, starting legal proceedings in 2009.

I understand interest starts from the day the deposit was transferred, although I have not yet received the breakdown of costs awarded or charged, The court fees basically cancel out the interest I was hoping to get, but I do have the partial win in my account, and am feeling more positive about the remainder.

i had, if I'm honest, not expected to get anything back, so I don't like to dwell on the negatives, only embracing the positives.





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