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Mostrando entradas de junio, 2015

GENERIC BANK GUARANTEES LEGAL PRECEDENT / DOCTRINA JURIDPRUDENCIAL SOBRE LINEAS DE AFIANZAMIENTO

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CIVIL CHAMBER OF THE HIGH COURT ABOUT TO SET PRECEDENT REGARDING GENERIC BANK GUARANTEES
But we already have some traces about which the decision could be:
On April 30th, 2015, High Court has sentenced insurance company to refund deposits to several plaintiffs, although some of them did not have individual bank guarantees. High Court understands also that cover limit on generic bank guarantees are not enforceable against buyers, because 57/68 Act states that buyers rights cannot be waived.
On January 16th, 2015, High Court confirmed liability of depositary bank, although individual bank guarantees weren't given and bank account wasn't special.
On January 13th, 2015, High Court set as legal precedent that lack of payment of deposits into the special account is not enforceable against buyers, because is the developers' duty.
We should know the decision very soon. Fingers crossed!
EL PLENO DE LA SALA DE LO CIVIL DEL TRIBUNAL SUPREMO FIJARÁ EN BREVE DOCTRINA JURISPRUDENCIAL SOBRE LA…

JARDINES DE MANILVA: CAIXABANK CONDENADA A DEVOLVER EL DEPOSITO A LOS COMPRADORES (OTRA VEZ)

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Otro caso ganado por el despacho, en el que el Juzgado ha condenado a Caixabank a devolver a nuestro cliente el depósito entregado, más el interés legal, y las costas del procedimiento, a pesar de que el pago se hizo a la inmobiliaria, el contrato no estaba firmado por la promotora, y el cliente no disponía de un aval individualizado.

En esta nueva sentencia, el Juez considera que los derechos recogidos en la ley 57/68 son irrenunciables y cualquier limitación de estos derechos convenida por el Banco y el promotor resultaría inoponible al consumidor, tales como la falta de individualización del aval, o el agotamiento de la línea de avales.

GARDENS OF MANILVA: GENERIC BANK GUARANTEE SUCCESSFULLY ENFORCED (AGAIN)

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Yes, we did it again, and Caixabank has been sentenced to pay deposit, plus legal interest and legal fees to our customer, who bought a property in Gardens of Manilva through Ocean View Properties, but never got an individual bank guarantee.
Seville Court judgement is pretty clear: lack of individual bank guarantee is not enforceable against buyers, and cover restrictions (like credit limits) either. As long as 57/68 Act states the purchaser right cannot be waived, Banks who committed to release individual guarantees (on generic bank guarantee agreements) should face liability.

BMN CONDENADO A DEVOLVER ENTREGAS A CUENTA A COMPRADOR DE ROYAL SUITES OF MARBELLA

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Nuestro cliente compró una vivienda en construcción en la promoción Royal Suites (Marbella), y únicamente se le entregó una copia de un aval prestado por Caja Granada.
Dado que la vivienda no se construyó en el plazo previsto en el contrato de compraventa, nuestro cliente comunicó a la promotora su voluntad de resolver el contrato y recuperar las sumas entregadas, algo a lo que la promotora se negó.
Así que nuestro cliente decidió demandar al Banco en su condición de garante solidario, y aunque éste se opuso alegando la falta de resolución del contrato y la falta de ingreso de las cantidades en la cuenta especial (entre otras), tanto el Juzgado de Primera Instancia de Madrid como la Audiencia Provincial han condenado a BMN (Caja Granada) a devolver las cantidades entregadas, más los intereses legales y las costas.

BMN (CAJA GRANADA) TO REFUND DEPOSIT TO ROYAL SUITES OF MARBELLA'S BUYER

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Our customer bought a property in Royal Suites (Marbella), but just got a copy of one individual bank guarantee issued by Caja Granada. Given that property wasn't built on expected date, our customer reported to builder (Irish Developments) that he wanted his money back, but builder just refused it.
Our client took the decision to sue Caja Granada for the deposit' payment. Although Caja Granada challenge the payment (contract wasn't cancelled, payment not made into the special account etc), Madrid First Instance Court and Appeal Court have sentenced BMN to meet deposit payment, plus legal interest and legal cost.
Judgement is already definitive, so our customer might get money very shortly.