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Mostrando entradas de julio, 2012

NEWS ABOUT JUDICIAL DECISSIONS / NOVEDADES JURISPRUDENCIALES

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COURT EXPANDS SCOPE OF BUILDING COMPANIES' MANAGING DIRECTORS PERSONAL LIABILITY TO THE LACK OF BANK GUARANTEES' DELIVERY 
The Mercantile Court from Barcelona has sentenced the personal liability three directors of a development company that did not built properties by the time agreed on contract for the lack of Bank Guarantees' delivery. Therefore the purchaser can enforce the sentece against their personal assets if his deposit is not refunded. Court understands that the lack of delivery of bank guarantees to purchasers is an unlawfull action that causes a serious loss to the purchasers, so the managing directors' liability can be claimed.
Further details about the case on the following link: Expansion newspaper
CONDENADOS LOS ADMINISTRADORES DE UNA PROMOTORA POR NO ENTREGAR AVALES A LOS COMPRADORES
El Juzgado de lo Mercantil número 1 de Barcelona ha condenado a tres administradores sociales de una sociedad promotora, que no entregó la vivienda en los plazos contractualme…

NEWS ABOUT JUDICIAL DECISSIONS / NOVEDADES JURISPRUDENCIALES

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CAM BANK, SENTENCED TO REFUND 1,5 MILLIONS OF EUROS TO PURCHASERS OF "LAS HIGUERICAS" WHO DID NOT HOLD AN INDIVIDUAL BANK GUARANTEE
The First Instance Court nº 2 from Hellin has sentenced CAM Bank to refund 1.5 millions of Euros to purchasers of the development "Finca Parcs, Las Higuericas", despite the builder failured to provide individual bank guarantees to those purchasers. The judge considers that the documentary evidences prove that CAM Bank had knowledge that the money credited into the builder's "ordinaries" accounts came from purchasers and, despite this fact, did not fullfill its legal obligations (article 1.2, 57/68 Act).
LA CAM, SENTENCIADA A PAGAR 1,5 MILLONES DE EUROS A COMPRADOR DE " LAS HIGUERICAS" QUE NO DISPONÍAN DE AVAL BANCARIO
El Juzgado de Primera Instancia nº 2 de Hellin ha sentenciado a la CAM a pagar 1,5 millones de euros a comprador de la promoción "Finca Parcs, Las Higuericas", a pesar de que el promotor inc…

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

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WE DID IT AGAIN! ANOTHER BANK GUARANTEE FOR "EL PINET DEVELOPMENT", GRUPO SAN JOSE, SUCCESSFULLY ENFORCED


It seems that we are having a strake of good luck for the enforcement of bank guarantees. BBVA has admitted, again, a claim that we filed just a few weeks ago. The Bank has met the payment of the principal, plus legal interest and defense cost.

LO HICIMOS DE NUEVO !  EJECUTADO OTRO AVAL BANCARIO DEL BBVA PARA LA PROMOCIÓN EL PINET (GRUPO SAN JOSE)

Parece que estamos en racha con la ejecución de avales bancarios. El BBVA se ha allanado de nuevo a nuestra última demanda de ejecución de aval bancario de la promoción El Pinet presentada recientemente y, en consecuencia, ha pagado principal, intereses y costas.

NEWS ABOUT JUDICIAL DECISSIONS / NOVEDADES JURISPRUDENCIALES

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SPANISH HIGH COURT CONFIRMS THAT THE FAILURE TO PROVIDE THE 57/68 BANK GUARANTEES IS A FUNDAMENTAL BREACH OF CONTRACT BY THE DEVELOPER
Despite this was the criteria of the majority of the Magistrates' Courts, the High Court has finally cleared up all kinds of queries. The failure to deliver bank guarantees to the purchasers under the provisions of the 57/68 Act is a builder's fundamental breach of contract, so purchasers are entitled to claim for the cancellation as long as the gurantees are not provided (RJ 2012\433).
EL TRIBUNAL SUPREMO CONFIRMA QUE LA FALTA DE ENTREGA DE LAS GARANTIAS BANCARIAS A LAS QUE SE REFIERE LA LEY 57/1968 ES UN INCUMPLIMIENTO ESENCIAL DEL CONTRATO
A pesar de que este era el criterio fundamental acogido por la mayoría de Audiencias Provinciales, el Tribunal Supremo ha despejado cualquier tipo de duda, declarando que la no entrega de las garantías previstas en la Ley 57/1968 supone un incumplimiento esencial del contrato por la promotora - vendedora que …