VALENCIA COURTS RULE AGAIN THAT MEETING OF CREDITORS' AGREEMENTS ARE NOT APPLICABLE TO BANK GUARANTE



Two more Bank Guarantee for El Pinet (San Jose) successfully enforced! 

Buyers accepted the 80% payment proposal from San Jose, and although Banks challenge our claim assuring that 80% agreement and 5 years payment schedule were applicable,   two Valencia Courts have just sentenced that 57/68 bank guarantees are independent from the obligation guaranteed, so any payment agreement reached with developer doesn't affect to bank guarantees.

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