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Mostrando entradas de marzo, 2014

GM LEGAL EXPERTS LEGAL NEWS / NOVEDADES LEGALES GM LEGAL EXPERTS

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DID YOU PAY A DEPOSIT IN "EDIFICIO INTEMPO" (BENIDORM), AND DON'T WON'T TO WAIT ANY LONGER FOR THE COMPLETION? YOU DON'T HAVE TO! THERE IS A GENERIC BANK GUARANTEE!!

Although it was unexpected, we were able to finally unveil the generic bank guarantee signed by Olga Urbana with Nova Caixa Galicia to guarantee the refund of the deposits to purchaser in the infamous "Edificio Intempo", in Benidorm. So many people who were waiting for the completion of the property as the only alternative to avoid the lost of the deposit could now claim the refund to the Bank, plus legal interest, under the provisions of the 57/68 Act.


We are preparing a low cost class action, and you are still in time to join it, so do not hesitate to contact us for further information.



¿HIZO ENTREGAS A CUENTA PARA LA COMPRA DE UNA VIVIENDA EN "EDIFICIO INTEMPO" (BENFORM) Y NO ESTÁ DISPUESTO A ESPERAR POR MÁS TIEMPO A QUE FINALICEN LAS OBRAS? NO TIENE QUE HACERLO! EXISTE UNA LÍNEA …

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

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VALENCIA MAGISTRATES COURT REJECTS BANKIA'S APPEAL AND CONFIRMS THAT GENERIC BANK GUARANTEE FOR EDIFICIO TORREBLANCA (AUGIMAR) IS ENFORCEABLE
La 7th department of the Valencia Magistrates Court has confirmed the ruling from the First Instance Court of Valencia which stated that generic bank guarantee agreed between Bankia and Promotora Augimar for Edificio Torresblancas (Castellon) is enforceable, so the Bank is liable for the deposits paid by purchasers, no matter if they don't hold individual bank guarantees.

Therefore, Bankia has been sentenced to pay to the purchaser the deposit, plus legal interest and defense cost for both proceedings (first instance and appeal)

LA AUDIENCIA PROVINCIAL DE VALENCIA DESESTIMA EL RECURSO DE APELACIÓN DE BANKIA Y DECLARA SU RESPONSABILIDAD RESPECTO A LOS DEPÓSITOS ENTREGADOS CON FUNDAMENTO EN LA LÍNEA DE AVALES
La sección 7º de la Audiencia Provincial de Valencia ha confirmado la sentencia dictada por un Juzgado de Primera Instancia de Valencia …

GM LEGAL EXPERTS LEGAL NEWS / NOVEDADES LEGALES GM LEGAL EXPERTS

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UNVEILED GENERIC BANK GUARANTEE FOR "LA RESERVA DE MARBELLA" DEVELOPMENT
The deposits paid by many purchasers of "La Reserva de Marbella" might be covered by the generic Bank Guarantee agreement signed by Banco Popular with the developer. 
Therefore, any purchasers who have already requested or claimed for the cancellation of the purchase contract could be entitled to retrieve their deposits plus legal interest.
DESVELADA LA EXISTENCIA DE UNA LÍNEA DE AVALES PARA LA PROMOCIÓN "LA RESERVA DE MARBELLA"
Las cantidades entregadas a la promotora por muchos compradores de "La Reserva de Marbella" podrían estar garantizadas por el Banco Popular en virtud de la línea de avales que se suscribió con la promotora. Por ello, cualquier comprador que haya optado por la resolución del contrato podría reclamar al Banco la devolución de lo entregado, incrementado con el interés legal correspondiente

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

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NEW RULING FROM THE 7th DEPARTMENT OF THE VALENCIA MAGISTRATES' COURT: 20% RELEASE AND PAYMENT SCHEDULE AGREED WITH SAN JOSE DON'T APPLY TO BANK GUARANTEES FOR EL PINET
Past December the 11th Department of the Valencia Magistrates' Court ruled that the 20% release and 5 years payment schedule agreed with San Jose on the meeting of creditors' agreement don't modify the Bank Guarantee given to purchasers who voted in favor to the creditors' agreement, which can be enforced for the full amount plus legal interest.
Now, the 7th Department of the same Magistrates' Court has decided to join the same criteria, sentencing the SGR to refund the whole deposit, plus legal interest calculated since the payment to the developer, together with the defense cost.
However, this is not a pacific question because there are other departments of the Magistrates' Courts and First Instance Courts ruling that release and extension affect to bank guarantee. So still much more need…