Spanish Law, Finance Regulators and hedge funds business examined by European Commission

What is the EU deciding with regards to assignment of mortgage debts to hedge/vulture funds? On 20 April 2018, the European Commission announced the admission for processing of the complaint filed by a Law Firm in Spain on behalf of 12 holders of Spanish mortgages for non-application of European … [Read more...]

Banco Santander sentenced to return more than 300,000 euros for Aifos development Cala del Sol in San Fernando

A law from 1968 and the interpretation of that law by Spanish judges and courts in favor of off-plan buyers of first or second homes in Spain results in the return to six claimants the savings they lost during the real estate crisis in Cala del Sol, San Fernando. At the completion date as stated … [Read more...]

Floor clauses. How the fight is going

PLease enjoy this post written by one of the Law Fim´s legal assistants, Manuel Guerrero: THE WAR OF THE “FLOOR CLAUSES” by Manuel Guerrero Since last May 9, when the Spanish Supreme Court condemned three Spanish banks to withdraw from all their mortgage contracts the so-called "floor clauses … [Read more...]

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