Blog | June 17th

International Property Finance (Spain) Ltd. loses right to file an answer to a claimant’s civil suit

International Property Finance’s bid to have its response writ accepted by a Fuengirola Court has been rejected for being filed late. “IPFSL”, an Rothschild’s offshoot that operated in Spain without regulatory clearance, failed once again to respond within the time limits of civil litigation procedural law.

Strangely enough, “IPFSL” registered its interest in the equity release case on the 19/11/18 but only submitted its response to the claim writ in February 2020, that is, almost 14 months later.

Lawyers acting for the claimant, Lawbird Legal Services SLP, believe Rothschild bank does not wish to have to defend claims filed against a non-regulated dependent entity -a decision largely based on reputational motives- and…

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