Spanish court ruling gives boost to ReclaimYourDeposit.com | Easier: "As news of Spanish property fiascos escalate with many embittered expats losing millions of pounds in deposits for non-existent second homes, a legal lifeline has emerged from a Cantabrian courthouse. The judge deemed the bank responsible for protecting a client’s funds, Caja Cantabria, as having failed in its duty and ordered them to issue a full refund of both deposit and stage payments. ReclaimYourDeposit.com believes this will set a standard for future cases.
Daren Wallbank, Director of ReclaimYourDeposit.com, comments, “Although bank guarantees were seen as the ultimate in security by Spanish property investors, we’ve uncovered many cases where the guarantee has been promised but not delivered and everyone from the bank to the lawyer, notary to the developer has seen fit to relieve themselves of responsibility for the failure. This landmark ruling shows that the Spanish legal system is prepared to apportion blame and will not allow property scams to be brushed under the carpet. It gives us added confidence going forward as ReclaimYourDeposit.com works on behalf of our desperately out-of-pocket clients.”"
:Text may be subject to copyright.This blog does not claim copyright to any such text. Copyright remains with the original copyright holder.
Subscribe to:
Post Comments (Atom)
Post a Comment