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miércoles, 20 de mayo de 2015

BBVA BANK TO PAY DEPOSITS TO SAN JOSE (EL PINET) BUYERS

Valencia Appeal Court has dismissed the appeal filed by BBVA against the judgement that sentenced them to pay 100% on deposit plus interest to some San Jose Buyers. BBVA argument was the buyers accepted 80% payment proposal from San Jose, to be paid within 5 years, so same release and payment schedule was applicable to bank guarantee.

But Valencia appeal court confirms that autonomous nature of the bank guarantee, which couldn't be affected by the agreements between buyers and builder about the payment of the debt.

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