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El blog de Maria

Your daily Spanish Law reporter. Have it with a cafe con leche.

Legal tip 1170. NEW! 4 New Supreme Court decissions for Banks liabilities out of Law 57/68
20 June 2014 @ 16:07

Four recent Court Decissions by the Supreme Court, dated all April 2014 assert on liabilities of Bank receiving deposits in account in off plan purchases, out of provision 1segundo of Law 57/68. Very good news for those who never received a Bank Guarantee when buying off plan in Spain.

At the same time, it is necessary to remark that the cancellation will of the buyer needs to have been active along these years ( out of Courts or in Courts) as Supreme Court is understanding that the lack of activation of cancellation/refund rights for a long period of time implies a non interest on the said rights.

Ahead! Ahead!


Costa Luz Left

Segovia, North western Madrid, Spain, at

Like 0


ads said:
20 June 2014 @ 17:43

Great News Maria.

Does your reference to buyers' activity "out of courts or in courts" mean that if buyers have been in communication with their lawyers during this period of time, but their lawyers did not advise them to proceed with cancellation and enactment of Ley 57/68, that the Supreme Court may look upon this leniently and not consider that the inactivity was on the buyers' part?

mariadecastro said:
23 June 2014 @ 08:45


Lawyers inactivity or bad advise is a different action that will have to be brought to and analysed by Courts in a diferrent judicial proceeding.



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