01 Oct 2015 2:13 PM:

Maria,

This is great news. We are part of a group action (it has been chaotic to say the least) but simply some of us have received the correct and positive sentence i.e. refund of deposit plus interest from first hearing and then appeal. However, banks and our own legal representation have referred to supreme courts.

This recent decision gives us confidence that we will be able to keep our deposit and interest but for some strange reason we was not awarded our legal costs even though we won our part of our case. Is there any way these can be reclaimed or considered by the supreme courts as over 20,000 Euros ?

Forum thread: NEW!!! - GREAT NEWS!!!! - SUPREME COURT CONFIRMS BANK LIABILITY FOR DEPOSITS UNDER LAW 57/1968

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09 Jun 2015 5:37 PM:

John,

I don't understand this especially when I have seen BBVA's initial defense. They said if they were told by courts to return funds that were paid into a special account, they would do this ! But no, they appealed, the appeal courts were still on our side but did not award the legal costs against BBVA. Because we were in a group action with different scenarios, it seems as if the first judge and then the appeal judges got confused and didn't apply a consistent ruling. Only just found out costs cannot be appealed in the High Courts.

In hindsight, would not have joined a group action but a straight forward individual case because our legal fees were not any cheaper as a group action but would have been considerably lower if we had lost the case !

Law whether in the UK or Spain is never black or white so we should be thankful that in 2 hearings we have won but not the legal costs.

Community thread: HDT deposit interests

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05 Jun 2015 3:00 PM:

Dear Guadalupe,

There is a difference between speculating and trying to understand !

The key learning point here is transparancy as obviously Trowell1 who I presume is your client did not really understand the fees involved on your success.

Community thread: HDT deposit interests

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05 Jun 2015 2:13 PM:

Interesting Calculator -

42,784.40 at 9% = 3850.60 plus 21% VAT = 4659.23 which is different to 7,363.57.

Am I missing something ?

 

Community thread: HDT deposit interests

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04 Jun 2015 4:04 PM:

Lucas,

Are the bar rates applied to the indivdiual deposit being claimed or deposit plus interest awarded ?

Community thread: HDT Deposits Interest Amounts ?

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