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Mostrando entradas de julio, 2014

LEGAL NEWS / NOTICIAS LEGALES

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HERRADA DEL TOLLO APPLIES FOR LIQUIDATION AT MERCANTILE COURT
07.30.2014 UPDATE: BANKRUPTCY COURT ACCEPTS REQUEST AND CALLS HDT FOR LIQUIDATION

We would like to inform that, last Friday, Herrada del Tollo was forced to apply for the voluntary liquidation of the company at the Mercantile Court in Alicante, because they are not able to fulfill with the creditors’ agreement and release the first 10% payment of the debt to the creditors.
Please note that when the mercantile court accepts this request, all the properties purchase contracts signed with HDT that haven’t been cancelled yet, will get automatically cancelled. Furthermore, the Mercantile Court will declare the breach of the 35% release and 5 years payment schedule agreement, which won’t be valid any longer. 
These are positive news for those plaintiffs who have already started legal proceedings agains the Banks and voted in favor of the creditors agreement, because banks now won’t be able to challenge the claim using as argument tha…

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

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RESIDENTIAL SECUOYA (JOEL HOMES): BUYERS TO RECOVER DEPOSITS, NO MATTER BANK GUARANTEES WEREN'T GIVEN
We are proud to say that we have once again helped purchasers, who bough one off plan property that was never completed it, to recover their deposit, plus legal interest form the payment to developer, although individual bank guarantees were never given.
This time, the purchasers bough in 2006 one property in "Residencial Secuoya", which was built by Joel Homes in Las Herrerias (Cuevas del Almanzora, Almeria). The deposits were transferred to one bank account opened in Bancaja (now Bankia), who also provided the financing for the development.
After some investigations, GM LEGAL EXPERTS found that there was a generic bank guarantee in place, and decide to sue Bankia for the whole amount, plus legal interest, despite purchasers never got the individual bank guarantee, because the lack of delivery of the individual guarantee and the payment of the deposit into one ordinary ban…