Valencia First Instance Courts seem to have same criteria about the enforcement of bank guarantees granted by CAM Bank for Mar Menor Golf & Resort (Polaris). A new ruling confirms that the property wasn't built in time (the urbanization wasn't completed by the time Polaris sent the completion request to the purchaser), and states also that the lack of mention to the 57/68 Act doesn't prevent the application of the Law. The main consequence of the application of the 57/68 Act is that expiration date on bank guarantee must be considered void and, therefore, not enforceable against the buyer.
Kind Regards,
Guadalupe