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...]

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...]

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...]

Trampolin Hills and liability of La Caixa and other banks according to LEY 57/1968

Developments like Trampolin Hills were widely known during the real estate boom due to the big number of affected victims. Location of guarantees was also specially complicated due to the bad administration of the whole business. One of the real advantages of a development going into creditors … [Read more...]

Case won in the Marbella First Instance Court against UNICAJA for an off-plan property from the developer MARTINSA FADESA at Campos de Guadalmina

We were extremely pleased to inform our clients recently that we had won their LEY 57/1968 Bank Action case against Unicaja in the First Instance Court in Marbella for an off-plan property they reserved at Campos de Guadalmina from the developer Martinsa Fadesa. Individual Guarantee provided by … [Read more...]

Have you lost money on an off-plan property development in Spain? We can help you!!!

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LEY 57/1968 Won Case in Provincial Appeal Court against BANCO POPULAR for our client who purchased an off-plan property from the developer Marbella Vista Golf SL at Santa Maria Green Hills

We were pleased to inform our client recently that we had won their case against Banco Popular in the Provincial Appeal Court. The client paid their off-plan deposit according to the Purchase Contract to the developer’s bank account at Banco Popular.  Banco Popular issued a Bank Guarantee to … [Read more...]

LEY 57/1968 Won Case in Provincial Appeal Court against ZURICH INSURANCE for our client who purchased an off-plan property from the developer Sea Golf Apartments SL at La Alcaidesa

We were pleased to inform our client recently that we had won their case against Zurich Insurance in the Provincial Appeal Court. The client paid their off-plan deposit according to the Purchase Contract to the developer’s bank account.  Zurich issued an insurance policy to cover the off-plan … [Read more...]

LEY 57/1968 Won Case in Provincial Appeal Court against SGR for 2 clients who purchased off-plan properties from the developer Herrada del Tollo at Residencial Santa Ana del Monte

We were pleased to inform our clients recently that we had won their case against SGR in the Provincial Appeal Court. The clients paid their off-plan deposits according to the Purchase Contracts to the developer’s bank account at various banks.  The clients did not receive individual Guarantees … [Read more...]

LEY 57/1968 Won Case in Provincial Appeal Court against SGR for a group of 3 clients who purchased off-plan properties from the developer Herrada del Tollo at Residencial Santa Ana del Monte

We were pleased to inform our clients recently that we had won their case against SGR in the Provincial Appeal Court. The clients paid their off-plan deposits according to the Purchase Contracts to the developer’s bank account at BBVA.  The clients did not receive individual Guarantees for their … [Read more...]

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