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 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.
We would like to congratulate our clients for such good news.