22 May 2009 10:25 AM:

 Chindo,

As I understand it, the bank has 20 working days to appeal the decision.  Should this occur, then a court case will normally be held within 1-2 months, and the Judge issues a verdict within 30 days of the hearing.

I'm just going to wait and see what happens with regard to interest and legal fees - I'll keep you posted.  To be quite honest, just to get our original deposit back would be a godsend.

Best regards,

Mike.

Community thread: Nueva Ribera progress

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20 May 2009 11:05 AM:

Chindo,

Good luck - although I'm sure you won't need it ;-)

ATB

Mike.

 

Community thread: Nueva Ribera progress

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19 May 2009 2:07 PM:

Hi Steve,

Timeline roughly as follows:

16 Jan - accepted fees and transferred funds to Costa Luz Lawyers.

23 Jan - cancellation notice (burofax?) delivered to Developer and Bank

I can't tell you exactly when the claim was admitted to court; Maria did not have all the required documents (original bank guarantees etc) until end of Feb, and then it was the end of April when we were last informed that Costa Luz lawyers were still waiting for documents from the Town Hall in Los Alcazares.

ATB

Mike.

 

 

 

Community thread: Nueva Ribera progress

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19 May 2009 1:44 PM:

 Dear All,

I've just had a reply to an email I sent yesterday to my solicitor, enquiring about the progress of my action against CCM.  When we last corresponded I was informed that they were awaiting documentation from the Town Hall to support our claim against the bank; if you thought the wheels of justice ground slowly.......

Anyway, I'm relieved to say that the procurator has informed my solicitors that the Judge has found in our favour, and has ordered the bank to pay face value of the bank guarantee, plus interest and legal charges.

There is a 20 day period for the bank to appeal.

Question:  

I know quite a few parties have already received their deposits back.  If you went through the same process as I am doing now:

1. Did the bank appeal?  If so, how did this affect timeframes?

2. If no appeal, roughly how long before a refund of the deposit was made.

3. How long to clear the cheque!

I'm not getting excited yet, but I think I can see light at the end of the tunnel.

If anyone still needs a recommendation for a solicitor, then Maria De Castro (Costa Luz Lawyers) has been simply outstanding. I have been very impressed by the professional service which she provides once you are a client; communication is one of her main strengths; especially important when one is doing business via email, and something which is clearly not a priority for the solicitor who I dumped at the end of December.

Best regards,

Mike.

Community thread: Nueva Ribera progress

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28 Apr 2009 5:25 PM:

 It's great to hear that people are finally receiving their deposits back. Congratulations to all of you.  Just keep your fingers crossed for the rest of us now!

Rgds,

Mike.

 

Community thread: Nueva Ribera progress

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