15 New Cases Won against Banks in 2018

ORIHUELA P1 BANCO SABADELL MONSERRATE CAMARA ALBEROLA & SKY HOUSES LA CAMPANETA MURCIA P1 BANCO POPULAR HUMA MEDITERRANEO ALMANZORA COUNTRY CLUB MURCIA P1 BANKINTER CORVERA CORVERA GOLF & COUNTRY … [Read more...]

SABADELL SOLBANK must return 500,000 in Cala Romántica, Mallorca

This was ordered on 19th December 2017 by the First Instance Court Number 8 of Marbella, Malaga, Spain. The responsibility derives from the issuance by BANCO CAM (now SABADELL SOLBANK) of a General Line of Guarantees for the refund of advanced payments according to keith.   This is a new example … [Read more...]

New case won: SABADELL SOLBANK must return almost 500,000 Euros to buyers at the Cala Romántica development in Mallorca for a failed off plan property development.

This was ordered on 19th December 2017 by the First Instance Court Number 8 of Marbella, Malaga, Spain. The responsibility derives from the issuance by BANCO CAM (now SABADELL SOLBANK) of a General Line of Guarantees for the refund of advanced payments according to Law 57/1968.   This is a new … [Read more...]

45 Cases Won against Banks in 2017

  1525/2014 ORIHUELA P1 SGR, BBVA, BANCO SABADELL HERRADA DEL TOLLO S.L. SANTA ANA DEL MONTE 1227/2015 GRANADA P2 BANCO SABADELL RUDINA MIRADOR DE IZNALLOZ 1486/2016 ELCHE P1 BBVA (CATALUNYA BANC SA) BRONCHO PROMOCIONES LA TERCIA … [Read more...]

Costaluz won 42 times against banks so far in 2017

CITY COURT BANK / INSURER PROMOTOR DEVELOPMENT ORIHUELA P1 SGR, BBVA, BANCO SABADELL HERRADA DEL TOLLO S.L. SANTA ANA DEL MONTE GRANADA P2 BANCO SABADELL RUDINA MIRADOR DE IZNALLOZ ELCHE P1 BBVA (CATALUNYA BANC SA) BRONCHO PROMOCIONES LA TERCIA … [Read more...]

How is Case Law evolving for actions against off-plan developer’s Banks?

Quite brilliantly!  More and more for the protection of buyers and the fair equilibrium of risks and guarantees in that field.  A very human centered approach.  Good for the Spanish Judges. The last relevant Sentences by Provincial Appeal Courts are those which negate the banks argument which was … [Read more...]

Courts against Banks in Spanish illegal properties

Another great decision dated April 2017 by Alicante Provincial Appeal Court Section 9 in a case against CAIXABANK regarding solution to urban illegalities. Law 57/1968 is applied to a case of urban illegality where the buyer had been living in the house for 9 years with no habitation … [Read more...]

Caixabank must pay more than one million euros for failed off-plan ‘Jardines de Manilva’ property development in Estepona, Costa del Sol

In March 2017, the Court of First Instance No.4 in Estepona ordered Caixabank (previously Cajasol) to pay a group of British buyers the sum of 958,275.30€ plus the corresponding legal interest. The properties were not completed on time according to the Purchase Contracts which had been cancelled … [Read more...]

Responsibility of the bank in urban unlawfulness

La Reserva de Marbella was one of the illegal developments that, nevertheless, was finished and “occupied" by its buyers. In these cases where the buyer signs a Notary sales deed for the purchase of a non-licensed house, he is placed in a legal "limbo" in which he can "occupy" his property - … [Read more...]

Corvera Golf & Country Club – Bankruptcy procedure

LEY 57/1968 – RESPONSIBILITY OF THE FINANCIAL INSTITUTION – BANK OR INSURER On 16 December, the Mercantile Court Number One of Murcia declared, at the request of creditors represented by the Costaluz Lawyers & DeCastro legal teams, the insolvency and administration of Corvera Golf & … [Read more...]

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