Warning: Actions against Banks: not that easy

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17 Oct 2016 19:57 by mariadecastro Star rating in Algeciras (Cadiz). 9294 posts Send private message

Legal Questions? Speak to Maria Direct

I read today an offer for representation from a Law Firm, for an action against a Bank using Law 57/68 and it worried me as it portrayed it as an ultra-easy process where you just almost need to  merely call the bank and receive your refund. I felt obligued to state that it is not that way at all.

The email I read said there was new easy, direct legislation for these refunds and that is completely unaccurate: there is recent Case Law by the Supreme Court ( that is not legislation) establishing liabilities under certain requisites that, of course need to be present in the case you present to the Bank. Not all situations can be transformed into a successful judicial result.

Another unaccuracy of the advert I read is that it states that interests is compunded, which is not as it is calculated on a simple annual basis.

Just be careful and double check

 





 



_______________________

Maria L. de Castro, JD, MA

Lawyer

Director www.costaluzlawyers.es

El blog de Maria



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