bank guarantee success at last

Hi everyone,

       Had an e-mail today from Zurich International aka ACC Seguros, in Spain from the man who didn't reply to lawyers. I am getting my money. Put pressure on Zurich here in the UK. I am now awaiting a reply from the Financial Ombudsman, with a view to suing Grupo Lar or Morgan Stanley or both for the compensation agreed in my contract. I hope this gives you all some hope. 

             Roy

Great to hear some good news.

Well done roy

tracey

Hi Supra well done hope all goes well for you .Just wondered how you found this out ,ie how could others find out if theBank /company holding their BG is part of or affiliated to other  companies.Cheers MM

Hi MM and others,

            The internet is a wonderful tool. Just keep typing in company names and you will be amazed what you find. A lot of British companies ar companies with offices over here invested in Spain in the boom, they are the ones you should target through direct contact or the FSA, FOS etc. They can be got at. Good luck.

                                                   Roy

Wonderful news. Congratulations!

Maria

Hi Maria,

      Thank you for your reply. It is not over yet till I get my money. I would like to thank you on behalf of everybody on EOS for all the unpaid work you do on this site. I know you get business from it put nobody works for nothing.Sometimes even people like yourselfneed a little outside help from you clients, we all have access to the net. So everybody do your bit to help and find out who owns what from this country and do your bit to help. No more running down Maria , Lawyers of Spain and others for profiteering, do your bit and you will get your money quicker and cheaper.

                                        Roy

Hi Roy,

I am in the process of suing ACC in relation to a BG.  I am very interested in how you approached Zurich in the UK.  Did you have particular contacts with them, or did you approach them through their Customer complaints department or Public Affairs?  If it is possible to prevail on the parent company to put pressure on the subsidiary, this is an avenue that I would like to pursue.

I am fascinated that such a large company such as Zurich is prepared to allow a subsidiary to refuse to act on bank guarantees, apparently in blatent contravention of the law.  It would seem that the reputational damage for such a large company arising from such an approach matters little to them.  Or maybe you can advise otherwise. 

Any advice on how you approached Zurich would be gratefully received!

Thanks,

Donal