When is a Bank Guarantee not a Bank Guarantee?

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Wednesday, April 09, 2008 shaggi Studio I've made 39 posts Send private message to shaggi	A developer is offing a guarantee on monies paid to him from an insurance company based in Spain. When you search the company on Google and follow this link to a government website www.dgsfp.meh.es/sector/entidadesnoautorizadas_in.asp The company name appears as am unauthorised company. What does all this mean? Will i lose my money and not be covered? Is it legal to offer this companys guarantee? Thanks for your help Spam post? If so please click here to report it
09 Apr 2008 11:32 AM spanishsolicitor Apartamento I'm in Murcia I've made 56 posts Send private message to spanishsolicitor	It is illegal to offer that sort of guarantees issued by unauthorized companies so you should tell your developer that you want one from a bank or from a insurance company authorized to operate in Spain otherwise you'll report this fact to the Spanish consumer authorities. Felix www.fljordan.com Spanish Law Firm Spam post? If so please click here to report it
09 Apr 2008 11:39 AM mariadecastro Finca I'm in Algeciras (Cadiz) I've made 912 posts Send private message to mariadecastro	Dear Shaggi: I agree with Spanishsolicitor: you need to ask to have it changed andthen report the sitiation to Consumers Authorities ( regional) which is getting more and more effective for these things to be controlled and punished. Do not hesitate about that! Best wishes, Maria _______________________ Maria L. de Castro, JD, MA Lawyer Director www.costaluzlawyers.es Spam post? If so please click here to report it
09 Apr 2008 1:15 PM sandra Adosado I'm in I've made 373 posts Send private message to sandra	Maria and Felix, It is all very good advising Shaggi to report the offender, but how many purchasers would have followed Shaggis' action of trying to verify that the company was legal? Not many, and to my mind none. Maria your tenacious crusade for improvement of consumers rights is acknowledged and admirable and probably the way to tackle the problems, but without swift and heavy fines for wrong doing and with judgements that rely on which side of the bed the judge got out of then I suspect you may always be swimming upstream. When purchasing a property in ones' native country the paperwork is totally confusing to the majority of people. When purchasing abroad, add to this confusion; the probable lack of the language, almost certainly a lack of native legal jargon, and a set of completely different buying procedures and you begin to understand how the 'sharks' (in all the professions associated with the purchasing process) can make their killings. When using a solicitor for conveyancing purposes one should be able to trust, that at every step of the procedure, your interests are protected 100%. And be confident that if there are any problems arising from that solicitors work then compensation will come from them in the way of a fine levied on them by their governing body. No quibbles, no wriggling out of it and no trying to pass the buck. Perhaps then and only then will the banks, builders and estate agents and of course solicitors be inclined to stop their illegal and misery causing banditry. Sorry for the rant. _______________________ sandra An ex-smoker........the worst kind! Spam post? If so please click here to report it
09 Apr 2008 2:20 PM mariadecastro Finca I'm in Algeciras (Cadiz) I've made 912 posts Send private message to mariadecastro	That´s one of the keys: the election of the lawyer. In our continuous and tenacious crusade ( thanks for that Sandra), we have came to new legal ways to ask for contract cancellation under the force of 57/68 Law ( the one which request Bank Guarantees for the guaranteeing of deposits ) without actually having them! Maria PS.- Need to say that we are far from being perfect, but we work hard, that we lose cases, but we study deep and bring sound claims to Courts. It is also very true that dissapoinmnet and frustration with Judges´decisions come as part of the profession but we try to quickly recover ourselves after every failure or disillusionment. ( I am deeply concerned about the situation of one of our clients today, sorry for the digression). _______________________ Maria L. de Castro, JD, MA Lawyer Director www.costaluzlawyers.es Spam post? If so please click here to report it

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