04 Jan 2013 9:20 AM:

Yes we did.

It took over two years. We claimed from the bank on the guranatee that they had provided for our stage payments but they turned out to be as dodgy as the developers. We instructed lawyers and issued proceedings against the bank. We lost the action in the court at Cuenca (where the headquaters of the bank happens to be) but, fortified by the advice from our layers, we were not satisifed that the decision was correct - and that is being polite. We took it to appeal and won. A few months later they repaid the principal sum but with no interest or legal costs (contrary to the court ruling) so we had to continue our action against them and they finally paid up. Third world banking in Western Europe.

What is your situation? If I can help I will.

Steve

Forum thread: problems at nueva ribera beach club

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30 Jul 2010 3:49 PM:

Tugay

Congratulations (and to Maria and team). Pariticularly encouraging for those that haven't a bank guarantee.

When you have received your deposit money and interest/ costs would you post again please - some of us have won our cases and haven't received deposits yet and many wait over one year for their interest and costs.

Steve

Forum thread: Bank Guarantee - Case won and money returned - Maria & Costa Luz Lawyers

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23 Jul 2010 2:39 PM:

Paul

Quite right.

You might be interested to know that Cajasur savings bank who took over CCM (and are thus responsible for their actions) are owned by the Catholic Church and until May (when the bank of Spain stepped in and sacked the board of directors) were headed by a chairman no other than Priest Santiago Gomez Sierra. With a total of 6 priests on the board you might have hoped that they would have honoured their legal and moral committments; This has evidently not been the case.

If the Spanish banks won't accept liability in respect of bank guarantees how on earth can they truly calculate the extent of their financial liabilities? If so to what extent are they exposed? This might be the very reason why in Europe there may not be a political appetite to deal with the Spanish property scandal - for fear of melt down.

Steve

 

Community thread: up date

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21 Jul 2010 11:56 AM:

All

If so much action is required in order to agree legal costs and interest one could see a third action taking place after the award: costs involved in pursuing the costs! (just joking).

Steve

Forum thread: Case Won and Money Returned - Maria & Costa Luz Lawyers

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21 Jul 2010 11:53 AM:

Thanks for that.

By the way there is an interesting discussion going on right now about the award of costs/ interest and Maria is involved. The forum: case won and money returned - Maria @ Casta Luz Lawyers.

Steve

Community thread: up date

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