bank guarantees nothing update

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19 Sep 2009 12:00 AM by chindo Star rating. 52 posts Send private message

my solicitors informed me the court  have rejected my claim to get my money back , execute the bank guarantee. the developent the nueva ribera beach club in murcia had problems linked to alleged money laundering and fraud . the promoter and developer have gone bust  although built the town hall blocked any progres. what is the bank guarantee for





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20 Sep 2009 10:19 AM by mariadecastro Star rating in Algeciras (Cadiz). 9402 posts Send private message

mariadecastro´s avatar

 

On what basis has the Court rejected the claim?

Some info on Bank Guarantees: http://www.costaluzlawyers.es/index.php?page=bank-guarantee&hl=en_GB

 



_______________________

Maria L. de Castro, JD, MA

Lawyer

Director www.costaluzlawyers.es

El blog de Maria



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20 Sep 2009 11:59 AM by chindo Star rating. 52 posts Send private message

hi maria the court applied the old regulation opposed to the modern one if this makes sense.





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20 Sep 2009 6:35 PM by mariadecastro Star rating in Algeciras (Cadiz). 9402 posts Send private message

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There has just been one regulation on this type of Guarantees who was slighrly ammended basically to just change 6% interests to legal interests and enlarge the number of differnet types of  development companies under the obligations of the Law... so what you said, does not make any sense to me!



_______________________

Maria L. de Castro, JD, MA

Lawyer

Director www.costaluzlawyers.es

El blog de Maria



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