Spain’s Supreme Court rules against banks in subrogated mortgages and floor clauses

On November 27, Chamber One, Civil, of the Spanish Supreme Court has upheld the appeal filed against the ruling of the Provincial Court of Seville that dismissed the claim filed by a consumer who was claiming the nullity of the ground clause of the developer loan which he had subrogated. The … [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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