El blog de Maria

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

Legal tip 1362. Supreme Court decission on Bankia shares
Monday, February 1, 2016 @ 12:49 PM

I am sure you of course know of this new!

http://www.nytimes.com/2016/01/28/business/spanish-supreme-court-orders-bankia-to-repay-2-investors-in-its-ipo.html?_r=0

http://elpais.com/elpais/2016/01/27/inenglish/1453902595_666151.html

If you have any question, I am pleased to answer them for you

Cheers and happy week!

Maria

You can contact us for litigation services here

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1 Comments

ads said:
Monday, February 1, 2016 @ 1:56 PM

Thank you Maria.
I noticed this "The bank said on Wednesday that it was aware of lawsuit claims totaling €819 million euros. Bankia said it had adequate provisions for legal liabilities, having set aside €1.84 billion. "

I wonder how much Spanish Banks in general have made provision for, for legal liabilities associated with the Bank Guarantee abuses?

Are claimants at risk of Banks not having made sufficient provision for return of monies etc, in this ongoing scenario?

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Maria
Lawyer. Director of the Costaluz Lawyers team. Useful legal tips for an easy way in Spain. www.costaluzlawyers.es

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