The appeal case we won at Provincial Appeal Court for Fortuna Golf buyers of Promociones Eurohouse, regarding Ley 57/68 is FINAL.
This Judgement will set precedent and help other buyers with recovering the deposits by suing the bank, which issued general bank guarantees.
If you are one of those buyers, please contact us and we will study your case and will give you free legal advice.
Ley 57 1968. Case won at the Provincial Appeal Court (Alicante) against Banco Popular Español S.A.
We have won a case against BANCO POPULAR ESPAÑOL S.A. for our clients, who purchased an off-plan property from the developer PROMOCIONES EUROHOUSE 2010 S.L. in Residencial Fortuna Golf, Murcia.
We are very happy with the outcome and we would like to congratulate our clients.
At the moment, there is a big confusion and legal controversy regarding the bank’s liability in the cases with regards to the developer PROMOCIONES EUROHOUSE 2010 S.L. at the Courts in Alicante (First Instance Courts and Provincial Appeal Court).
There is precedent from the Spanish Supreme Court regarding this type of cases. However, the Courts are deciding for and against the clients for exact cases.
Our case was based on Ley 57 1968. The bank which issued a general bank guarantee should cover the deposits paid for every client who purchased an off-plan property.
The bank BANCO POPULAR ESPAÑOL S.A. has to refund the deposit paid by our clients plus interests since they were paid to the developer’s bank account.
The Provincial Appeal Court has also decided that the bank has to pay for our clients’ legal fees for the case at the First Instance Court and for the case at the Provincial Appeal court.