Mortgage expenses “to be refunded in full”. Once again, the ECJ corrects the jurisprudence of the Spanish Supreme Court, on this occasion with regards to the mortgage expenses and the mortgage opening fees. A judgement has been handed down in …
Mortgage expenses “to be refunded in full”, says the European Court of Justice Read More »
As we reported in our previous legal alert, the state of emergency has practically suspended all non-urgent activity before the Spanish courts, and specifically those proceedings related to commercial and business matters. Accordingly, despite the severe circumstances affecting companies in …
Post-COVID19 insolvencies in Spain: Apocalypse now? Read More »
Dear Clients Due to the recent communications issued by several Official Sources advising companies to promote the teleworking in those zones where there is a high risk of transmission of the so called Virus Covid-19. Our Firm has decided to …
The court handed down judgment on 3 March 2020, granting consumers affected by the index reference for mortgage loans (IRPH) a new chance to claim against Spanish banks. An alternative to Euribor, the IRPH is a mortgage indicator for interest …
Banks are up against the wall. Especially with regards to floor clause claims´. The Bank chances for obtaining a ruling in favour of their interests are very unlikely. Especially, after the ruling of the Court of Justice of the European …
The new strategy of banks: request the testimony of the borrowers Read More »
This isn’t the first time that from Del Canto Chambers, we inform on the disadvantages of the creation of Ad Hoc Courts for floor clauses. In our article published last month #MortgagedJustice. The bank claims: a hard journey. We highlighted …
Spaniards have taken to the streets to protest the verdict of five men accused of raping an 18-year-old woman at the ‘Running of the Bulls’ in Pamplona. According to Spanish Barrister and feminist, Leon Fernando Del Canto, sexual aggression or …
The claims service of the Bank of Spain has been overwhelmed by consumers making complaints against lenders for abusive mortgage interest floor clauses, and set-up costs. The Claims Service of the Bank of Spain is a body that evaluates consumer …
The Decision has already aroused the first controversies in the Spanish legal scene and in the Consumers Associations that will undoubtedly raise this case to the European Court of Justice which will have the last word to say. It is …
The Supreme Court rules in favour of the banks for mortgage expenses Read More »
As was expected after EU Court of Justice ruling in December of 2016, Spanish banks have little hope of defending themselves against legal claims brought by clients with abusive clauses in their mortgages. The effectiveness of the extrajudicial methods for …
98% of mortgage floor clause claims completed in 2017 were successful Read More »
