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Spanish Off-Plan Property - Bank Guarantees - LEY 57/68

This blog is for all those Off-Plan property purchasers in Spain who have not received Bank Guarantees for their deposit funds as required by Spanish Law, in particular LEY 57/68 Article 1.1 and 1.2 and are now at risk of losing their money. In addition many purchasers who did receive Bank Guarantees are now finding that the Spanish Banks are refusing to honour them without legal action being taken by the purchaser.

VICTORY FOR FINCA PARCS ACTION GROUP IN THE ALBACETE APPEAL COURT
11 April 2013 @ 14:29

FINCA PARCS ACTION GROUP - LAWSUIT 1 – UPDATE – 11 APRIL 2013

Justice has prevailed.  We have won in the Albacete Appeal Court with a sentence totally dismissing the Banco CAM Appeal.

Here is a translation of the final paragraph of the Appeal Court Sentence:


AUDIENCIA PROVINCIAL DE ALBACETE SECCIÓN PRIMERA


Apelación Civil 272/12

SENTENCIA NUM. 76

 

IN THE NAME OF THE KING

In Albacete 11 April 2013

DECISION

We dismiss the appeal filed by the representation of BANCO CAM S.LU. against the judgment of 8 June 2012 in ordinary procedure 182/11 issued by the Lady Judge of the First Instance Court No. 2 of Hellin.  We CONFIRM that decision and order the appellant (BANCO CAM S.L.U.) to pay the costs of this appeal.



Congratulations to all!!!!


Kind regards



Keith
Finca Parcs Action Group (FPAG)



Like 0




3 Comments


Angela said:
11 April 2013 @ 12:52

Fantastic News. Congratulations.


Frances Clack said:
11 April 2013 @ 13:00

Fantastic news! We have been watching this case for a long time, forever hopeful of a successful outcome.
You deserve it!


eileen jackson said:
12 April 2013 @ 11:53

Congratulations to Keith and our Legal Team. What an amazing effort.


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