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Mostrando entradas de marzo, 2013

JUDICIARY NEWS / NOVEDADES JURISPRUDENCIALES

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SPANISH HIGH COURT SENTENCES THAT MORTGAGES' FLOOR CLAUSES COULD BE  CLAIMED VOID IF THERE WAS "LACK OF TRANSPARENCY"
You can follow this link to ge the press report issued by the High Court yesterday: High Court Press Report

As you probably imagine, this decission affects thousands of customers, who did not receive accurate and clear information from the Bank about these clauses when the mortgage was granted.
EL TRIBUNAL SUPREMO DECLARA LA NULIDAD DE LAS CLÁUSULAS SUELO DE LAS HIPOTECAS EN LOS CASOS DE FALTA DE TRANSPARENCIA
Mostramos a continuación el enlace al comunicado de prensa emitido por el Tribunal Supremo en el día de ayer:
Comunicado de Prensa Tribunal Supremo
Es fácil imaginar que se trata de una decisión que afectará a miles de consumidores que no recibieron información precisa y clara sobre este tipo de cláusulas al concertar el préstamo hipotecario.

LEGAL NEWS / NOVEDADES LEGALES

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GENERIC BANK GUARANTEE COVERS DEPOSITS FOR PROPERTIES PAID TO RIVIERA COAST INVEST
Did you purchase a property to Riviera Coast Invest and you think that you will never recover your money? Finally good news for you! BBVA and Riviera Coast Invest did signed a generic bank guarantee agreement to cover purchasers' deposits.

As informed on previous post, most recent precedents from Magistrates' Court state that the lack of an individual guarantee doesn't prevent the purchaser to claim the refund to Bank or Insurance Company, as the builder's failure to deliver  a guarantee is not enforceable against the purchaser, whose rights are protected by a mandatory law (57/68 Act) and cannot be waived.

LÍNEA DE AVALES QUE GARANTIZA LAS ENTREGAS A CUENTA DEL PRECIO DE COMPRA DE VIVIENDAS A RIVIERA COAST INVEST


Compraste una vivienda a Riviera Coast Invest and crees que nunca recuperaras tu dinero? Pues por fin buenas noticias! BBVA y Rivera Coast Invest firmaron una línea de avales en ga…

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

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VALENCIA COURT RULES THAT DEBT RELEASE AGREED BY PURCHASER WITH HERRADA DEL TOLLO ON THE CREDITORS' AGREEMENT DOESN'T APPLY TO BANK GUARANTEE
Yes, we have done it! We have won a case that creates an important precedent for many Herrada del Tollo and San Jose purchasers who voted in favour of the creditors's agreement, and face now that Banks rejects the payment of the guarantee claiming that same release and payment extension period agreed with developer apply to bank guarantees.
Valencia First Instance Court nº 15 has finally supported GM LEGAL EXPERTS arguments, ruling that the release and payment extension period just affect the developer, but don't apply to bank guarantees, as long as the creditors' agreement doesn't include specific waivers or mentions to bank guarantees. Furthermore, judge sentences that bank guarantees given to purchasers are ruled by an specific and mandatory law, 57/68 Act, which states that purchasers' rights cannot be waived.
UN JUZ…

JUDICIARY NEWS / NOVEDADES JURISPRUDENCIALES

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EUROPEAN COURT RULES THAT SPANISH EVICTIONS LAW IS ILLEGAL
The European Court of Justice ruled Thursday that property repossession laws in Spain violate EU laws on consumer protection. 
Many solicitors specialized on consumers protections laws, included myself, were claiming that Spanish legislation infringes EU law as it does not allow courts to halt eviction orders on the basis of possible unfair and abusive terms in mortgage agreements. And now the aforementioned ruling from the European Court confirms that we weren't wrong.
Spanish PM has already announced that repossession law  is going to be ammended to make sure that ruling is respected.
EL TRIBUNAL DE JUSTICIA DE LA UE SENTENCIA QUE LA NORMATIVA ESPAÑOLA DE LOS DESAHUCIOS VULNERA LA LEGISLACIÓN EUROPEA
El Tribunal de Justicia de la Unión Europea sentenció el pasado Jueves que la normativa española que vulnera los desahucios infringe la normativa europea sobre protección de los consumidores.
Muchos juristas y abogados especializa…