RESIDENCIAL ULYSS MURCIA (RIVERA COSTA INVEST): BBVA TO REFUND DEPOSIT TO BUYER WITH NO BANK GUARANTEE
GM Legal Experts' Legal Team did it again!
First Instance Court nº 3 from Benidorm has sentenced BBVA to refund deposits to a customer who bought a property in Residencial Ulyss in Murcia to Rivera Coast Invest, which were never built.
We did provide evidences that Rivera Coast signed a generic bank guarantee agreement with BBVA, and even gave some individual bank guarantees to a few lucky purchasers. Court understands that this generic bank guarantee is enforceable, because lack of individual bank guarantee is not the buyers' fault.
There were many buyers stuck in this development. This judgment opens the door for them to get their money back.