10 Nov 2009 11:19 PM:

That's fantastic Maria -  Thank you.

You're a credit to your profession.

Kind regards,

Jeff

 

Community thread: CAM BANK REFUSING TO PAY INTEREST ON BANK GUARANTEES

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10 Nov 2009 9:43 AM:

Hi Maria,

Many thanks for your reply which comes as a refief. I wiil ak my lawyer to make a demand for the interest.

Can you tell me if the interest starts from the date of the original payments or the date the bank guarantees were first issued please?

Thanks again,

Jeff

 

Community thread: CAM BANK REFUSING TO PAY INTEREST ON BANK GUARANTEES

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09 Nov 2009 9:48 PM:

Many thanks for the very useful reply Keith.

I've sent the extract from Spanish law to my lawyer already.

Sorry to hear you're one of the unfortunate ones without a BG. I can only assume I have them because I became involved at such an early stage. I know as time went on they became more scarce.

I hope the new refunds process works out for you and everyone in the your position.

Best wishes,

Jeff

Community thread: CAM BANK REFUSING TO PAY INTEREST ON BANK GUARANTEES

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09 Nov 2009 12:00 AM:

Hi,

I  have bank guarantees for plots on phases 3 and 4 which I purchased five years ago through Aramis. My solicitor has been going through the process of claiming my money back with the CAM bank over the past couple of months.

On Friday however, he was told that the bank will not add any interest to the amounts shown on the guarantees and this must be claimed back from the developer.

Reading previous posts on here from people who have had their refunds already, it seems that the bank paid interest on those occasions.  In fact, I  thought it was a legal requirement for the bank to pay interest on bank guarantees.

Can anyone else who is going through the BG refund process at the moment, tell me what the bank are telling their solicitors regarding interest please.

Many thanks,

Jeff

 

Community thread: CAM BANK REFUSING TO PAY INTEREST ON BANK GUARANTEES

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16 Aug 2009 8:11 PM:

Logi,

Congratulations on getting your money back.

Do you know what rate of interest you got and was it simple or compounded?

Regards,

Jeff

 

Community thread: full refund + interest

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