Leon on Banks liabilities

Recent, December Court Decission by Leon Appeal Court stating that:

Regardless the existence of a “special account”, if there are enough evidences ( Bank being sole financer, Bank knowing private contracts…) for the Bank to know that those amounts were off plan payments by buyers, applying Law 57/68 and its clear protective and antiformalist character, according to the abundant existing Case Law, is liable for the refund of those deposits if the contract is cancelled.

©2016 CostaLuz Lawyers. All rights reserved. Privacy policy and cookies. Copyright and disclaimer.