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Mostrando entradas de febrero, 2012

NEWS ABOUT JUDICIAL DECISSIONS / NOVEDADES JURISPRUDENCIALES

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SGR APPEAL REJECTED. BANK MUST REFUND TO A PURCHASER OF SANTA ANA DEL MONTE WHO DID NOT HOLD AN INDIVIDUAL BANK GUARANTEE THE DEPOSIT PLUS LEGAL INTEREST UNDER THE PROVISIONS OF A GENERIC GUARANTEE
Today there are excellent news for the Santa Ana purchasers' who are looking for the refund of their deposits through actions against the Banks under the provisions of the generic guarantee and the 57/68 Act.
The Magistrate's Court from Alicante has rejected the appeal filed by the SGR against a sentence from the First Instance Court nº 6 from Alicante, and has confirmed that the lack of an individual bank guarantee doesn't prevent the purchaser to get the deposit back from the bank under the provisions of the generic guarantee. So SGR has been sentenced to refund the deposit, plus legal interest and the defense cost for the whole procedure. This sentence is not definitive yet, because it can be appeal at the High Court (Tribunal Supremo) by SGR, but it is a big, huge step for the…

GM LEGAL EXPERTS WON CASE / CASO GANADO POR GM LEGAL EXPERTS

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COPY OF A BANK GUARANTEE FOR TRAMPOLIN HILLS SUCCESSFULLY ENFORCED
The First Instance Court nº 1 from Valencia has sentenced the Bank to refund the principal plus the legal interest covered by an individual Bank Guarantee despite the purchaser didn't hold the original. The Court interpretates that the bank guarantee copy was authenticated by the Bank's representatives who answered the legal letter sent by GM through the Notary before submmiting the claim, because he did not deny the authenticity of the guarantee, and just stated that it was cancelled. Because of the authentication, the bank guarantee's copy is enforceable.
EJECUTADA LA COPIA DE UN AVAL BANCARIO DE LA PROMOCIÓN TRAMPOLIN HILLS
El juzgado de Primera Instancia nº 1 de Valencia ha despachado ejecución contra el Banco a fin de que pague el principal y los intereses garantizados en aval bancario a pesar de que el comprador no poseía el original. El Juzgado entiende que la copia del aval fue adverada por el represen…