BREAKING NEWS
The Court of Appeal in Bilbao has dismissed totally the appeal launched by the SLM (Surrenda Link Mortgage) Madrid-based lawyers and upheld the first ruling of the Court of First Instance 11 in Bilbao.
SLM’s choices are to accept the ruling and not interfere in the cancellation of the mortgage loans or explore filing an exceptional appeal with the Supreme Court, a route only accepted in very specific cases.
More to follow in the next post.
So why is the Landsbanki case still stuck in the mud???
It will be interesting to see if SLM decide to apply for permission to take this to the Supreme Court. I presume if they did and again lost then the Supreme Court could make a ruling that would benefit all victims of the various banks involved. I am also surprised that the Spanish regulatory body have not yet become involved and fined these banks. If this was the USA or U.K. they would have come down on the banks by now.
Any further new regarding a possible Appeal by SLM – if not how long do they have to give Notice of an Appeal and how long would it take for a final decission
Dear William,
We are still waiting for the Supreme Court to issue a resolution regarding the cassation appeal. We are unable to provide timescales as this depends only on the courts agenda.
Best regards,
Hello … Does anyone know whether or not SL Mortgage Funding No 1 Limited, have appealed against the Bilbao Court of Appeal judgement? … Thank you …