QUESTION FOR MARIA - OR LAWBIRD

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13 Jun 2009 00:00 by alamred Star rating. 245 posts Send private message

Law 57/1968 BANK GUARANTEE

 

can the full transcript of this law be found in this eec website?

 

http://eur-lex.europa.eu/n-lex/SearchLegis.html?lang=en&corpus=es.legis.iberlex

 

if so what do i need to put in to get access to it

 

 

rgds





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14 Jun 2009 10:02 by mariadecastro Star rating in Algeciras (Cadiz). 8586 posts Send private message

mariadecastro´s avatar

 I have just tried but cannot find it.

A partial translation is here: http://www.costaluzlawyers.es/index.php?page=bank-guarantee&hl=en_GB

Have a good Sunday!

Maria



_______________________

Maria L. de Castro, JD, MA

Lawyer

Director www.costaluzlawyers.es

El blog de Maria



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14 Jun 2009 11:41 by alamred Star rating. 245 posts Send private message

04 Sep 2009 17:38 by Lawbird Star rating. 59 posts Send private message

Lawbird´s avatar

Dear Alamred,

Apologies for the belated reply, I've only just read your legal query.

AFAIK there is no official translation into English.

More than translating this law, which we partially have done, we've reviewed it in detail in our article: 

Bank Guarantees in Spain: All That You Ever Wanted to Know but Were Afraid to Ask - 12th of November 2008

Bank Guarantees explained 27th of June 2008

Regards,

 

 

 


 



This message was last edited by Lawbird on 04/09/2009.

_______________________
Lawbird Spanish Lawyers http://www.lawbird.com



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20 Oct 2009 08:48 by mariadecastro Star rating in Algeciras (Cadiz). 8586 posts Send private message

mariadecastro´s avatar

Legal tip 166. No Bank Guarantee?: action against the Bank
20 October 2009 @ 08:41

 

New action against the Bank in case of lack of Guarantees of Law  57/68


 

 


 

I had had a legal instinct for this since I started working in this type of cases , and have been trying to see, and to see, and to see and I finally saw:



If the Promoter opened a special account where they deposited the amount of your purchase off plan and the Bank did not give bank guarantees or checked out that those guarantees ( also possible through Insurance contract) existed,THE BANK IS RESPONSIBLE  in accordance to provision 1.2 of said Act  for the devolution of handed amounts plus legal interests if the works are not started or completed on time.



A great solution for many purchasers who lacks Bank Guarantee and a way to start building up a  more risponsable financial system! It is about time to this.



www.costaluzlawyers.es


 


 

Madrid, November by Martius at Flickr.com



_______________________

Maria L. de Castro, JD, MA

Lawyer

Director www.costaluzlawyers.es

El blog de Maria



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