• On September 23rd, the First Instance Courts No 2 in Novelda (Alicante) pronounced a sentence whereby a false equity release scheme, signed up by an octogenarian British couple in 2007,  was rendered void […]

    • I doubt if Caixa Bank are worried. They will appeal, the Supreme Court will sit on it for God knows how long and the plaintiffs will pass away before the case is settled. How many of the plaintiffs involved with the Bilboa SLM judgement are still alive?

  • In reply to: admin wrote a new post, Rothschild lawyers prepare for Court war N.M. Rothschild & Sons has taken the legal defense of the Equity Release (ER) cases in Spain as a matter of life or death. In a very generous […] View

    Dear Johanna,
    Please note that we are unable to provide you with exact informaiton about court cases in Denia as there are several actions going on in that area. We suggest you contact your solicitor who will be able to provide you with all the details. The same applies to the court case to be held in November in Malaga.
    Kind regards

  • In reply to: admin wrote a new post, Round Up of Equity Release Decisions ERVA has compiled a list of known Equity Release Court rulings. The Courts have all found in favour of the victims and ordered the mortgage loans to be […] View

    Dear Lancelot,
    Cassation appeal proceedings do take a long time to be processed, as first Supreme Court has to review the cassation appeal, confirm whether it meets the legal requirements and then, agree to deal with the proceedings. It is impossible to provide with timescales, but if you are part of this legal action, we recomend you to contact…[Read more]

  • In reply to: admin wrote a new post, Court 4 in Fuengirola voids 9 equity release mortgages taken out by British pensioners  Esperanza Broz Martorell, presiding over Court of First Instance 4 in Fuengirola, has d […] View

    Dear Lancelot,

    The information provided here is only general and details of each case are only provided to those clients who are part of the legal action. If you are one of the claimants, we suggest you contact your solicitor who will likely be able to provide you with all the details.

    Kind regards,

  • In reply to: admin wrote a new post, Court 4 in Fuengirola voids 9 equity release mortgages taken out by British pensioners  Esperanza Broz Martorell, presiding over Court of First Instance 4 in Fuengirola, has d […] View

    Dear Lancelot,
    We are still waiting for the court to confirm whether an appeal has been filed or not.
    Kind regards,

  • In reply to: admin wrote a new post, Rothschild lawyers prepare for Court war N.M. Rothschild & Sons has taken the legal defense of the Equity Release (ER) cases in Spain as a matter of life or death. In a very generous […] View

    Dear Lancelot,
    There are several ongoing court cases in Denia, each one has its own hearings.
    regards,

  • Esperanza Broz Martorell, presiding over Court
    of First Instance 4 in Fuengirola, has declared that 9 mortgage loans worth
    close to 4 million Euros taken out by British property owners with
    Chesire-based […]

    • It is now more than 20 days since the court ruling. Has SLM accepted their fate or have they appealed to the Supreme Court in Madrid just like the Bilboa judgement?

      • Dear Lancelot,
        We are still waiting for the court to confirm whether an appeal has been filed or not.
        Kind regards,

    • How much longer do we have to wait for a response from SLM or the Spanish Courts?

      • Dear Lancelot,

        The information provided here is only general and details of each case are only provided to those clients who are part of the legal action. If you are one of the claimants, we suggest you contact your solicitor who will likely be able to provide you with all the details.

        Kind regards,

  • In reply to: admin wrote a new post, BREAKING NEWS: the BILBAO APPEAL COURT UPHOLDS THE ILLEGALITY OF THE SLM MORTGAGES BREAKING NEWS The Court of Appeal in Bilbao has dismissed totally the appeal launched by the SLM […] View

    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,

  • N.M. Rothschild & Sons has taken the legal defense of the Equity Release (ER) cases in Spain as a matter of life or death.

    In a very generous interpretation of Spanish procedural laws that allow parties to […]

    • And so the charade goes on. Logically I cannot understand why Rothschild are taking such steps. Surely Rothschild marketing/sales and all there corresponding literature given out to their victims is clear as day. And it cannot be overturned by both past employees or current employees. First, for example the Hacienda (Spanish Tax Office) have deemed that the scheme is anything but IHT tax efficient. Other courts in similar cases against other banks have ruled the same, both on the matter of IHT and other reasons. This scheme is “WHAT IT IS” fraudulent to say the least.

    • And so the charade goes on. What Rothschild can gain from such tactics is hard to comprehend and makes little sense, except of course as anothe delaying tactic. The sales and marketing literature is clear and the benefits stated regarding IHT do not exist as the Tax Office has ruled and has other courts ruled in the past. No Rothschild employee or past employee can overturn this ruling or convince any judge to the contrary. The scheme IS WHAT IT IS” simply FRAUDULENT.

    • Very simple question Dean Murphy was an unregistered IFA in Spain therefore is that even legal under Spanish law.

    • Phony “financial advisors” in association with illegal “product providers” are always financed by a large international Banks (The multi-million fraudsters Premier Group was backed by RBS).
      These crooks have been stealing money from elderly people living in Spain for over 50 years and nobody has been able to effectively stop them. Yet.

      For every 1,000 victims less than 1% obtain any compensation for the loss of their homes and lifetime savings. The Banks continue in this theft knowing they will rarely be prosecuted – and this is why when they are subject to Court proceedings they will use their huge £financial muscle to avoid being found guilty.

      The Banks have bottomless pockets – and other (less savoury) influences….

    • Dear Lancelot,
      There are several ongoing court cases in Denia, each one has its own hearings.
      regards,

    • Does anybody know when the Rothschild case will come to court in Denia?

    • Dear Johanna,
      Please note that we are unable to provide you with exact informaiton about court cases in Denia as there are several actions going on in that area. We suggest you contact your solicitor who will be able to provide you with all the details. The same applies to the court case to be held in November in Malaga.
      Kind regards

  • It has been a while since our last post, but things have been fairly quiet in the litigation front, save for Landsbanki’s cases.

    Undeterred by recent rotund judicial response against Equity Release […]

    • And so it goes on. Landsbanki will try everything in the book to deny the rights of Spanish residents. Perhaps is is their last throw of the dice, but I would not bet on it. Of course they would like to have these cases transferred to Luxembourg, where financially they would be difficult to bring to the courts. Of course The Luxembourg courts would look favourably on Landsbanki.

      I take my hat of to Lawbird who are fighting for the rights of their clients who ar Spanish residents. What they don’t seem to realise is that Lawbird will never give up this fight. As Sir Winston Churchill said “WE WILL NEVER SURRENDER”

  • In reply to: admin wrote a new post, Rothschild Loses Equity Release Case in Spanish Courts International Property Finance Spain Limited (“IPFSL”), an unregulated corporate ramification of sinister N.M. Rothschild & Sons, […] View

    Dear Gary,
    Have you formally accepted the inheritance at a notary? If you wish, you can email us at info@erva.es and we will provide information on the best course of action.
    Kind regards,

  • admin posted a new activity comment 1 year, 7 months ago

    In reply to: eddie posted an update in the group Rothschild Victims Just a small question The documents that were signed at the notary for credit select 4 with N M Rothschild & Sons through N M Rothschild & Sons (CI) Limited […] View

    Dear Eddie,

    The fact that they are not regulated does not affect the signatures. On the title deeds, their names do not appear.

    Kind regards,

  • In reply to: aflores wrote a new post, Nykredit and Sydbank Cheated Foreigners with Mortgages Worth Millions Two Danish Companies persuaded British property owners to take out mortgage loans they could not […] View

    Dear Nick,

    Many thanks for your email. We would have to review your mortgage deeds to find out if we can help you. Do you happen to have a copy? If so, please email a copy to info@erva.es.

    Kind regards,

  • A very worried Old Mutual International Isle of Man has lost its bid to have the Spanish Courts deny jurisdiction to judge the illegality of the “Executive Investment Bond”, as reported by the El Confidencial onl […]

    • Isle of Man company loses its bid to deny legal jurisdiction to the Spanish Courts!!!!

      Disputing “jurisdiction” in the matter of alleged financial crime can present a convenient escape exit for certain parties … When companies registered/based on the Isle of Man design financial products and organise their marketing in other jurisdictions via third parties based in these jurisdictions (in many cases Spain); the luckless investors in these “products” enter into express and direct agreement with the Isle of Man based companies, and as the contracts are signed within the Spanish legal jurisdiction both parties would appear to be bound by Spanish law.

      Isle of Man financial companies, which are not licenced or authorised by the Spanish financial services regulator (CNMV) to market their products in Spain, are notorious for promoting their financial products via “intermediaries” who are similarly unauthorised and acting illegally. In the past the Isle of Man regulator (FSA) has informed the many victims of Isle of Man based financial scams that they must seek redress through the Spanish Courts as the (alleged) fraud was committed outside Isle of Man legal jurisdiction.

      Paradoxically – The Isle of Scams has an effective firewall protecting its financial services industry and seeking redress through the Spanish courts could be simpler than attempting to obtain justice through the Byzantine labyrinth of the Isle of Man legal system – or indeed the Isle of Man Financial Services Authority also infamous for its obscurity and absence of impartiality.

      Are luckless investors better seeking restitution outside the Isle of Man – whilst the “product providers” are better seeking protection on their “home” ground?

    • Isle of Man company loses its bid to deny legal jurisdiction to the Spanish Courts!!!!

      Disputing “jurisdiction” in the matter of alleged financial crime can present a convenient escape exit for certain parties … When companies registered/based on the Isle of Man design financial products and organise their marketing in other jurisdictions via third parties based in these jurisdictions (in many cases Spain); the luckless investors in these “products” enter into express and direct agreement with the Isle of Man based companies, and as the contracts are signed within the Spanish legal jurisdiction both parties would appear to be bound by Spanish law.

      Isle of Man financial companies, which are not licenced or authorised by the Spanish financial services regulator (CNMV) to market their products in Spain, are notorious for promoting their financial products via “intermediaries” who are similarly unauthorised and acting illegally. In the past the Isle of Man regulator (FSA) has informed the many victims of Isle of Man based financial scams that they must seek redress through the Spanish Courts as the (alleged) fraud was committed outside Isle of Man legal jurisdiction.

      Paradoxically – The Isle of Scams has an effective firewall protecting its financial services industry and seeking redress through the Spanish courts could be simpler than attempting to obtain justice through the Byzantine labyrinth of the Isle of Man legal system – or indeed the Isle of Man Financial Services Authority also infamous for its obscurity and absence of impartiality.

      Are luckless investors better seeking restitution outside the Isle of Man – whilst the “product providers” are better seeking protection on their “home” ground?

    • ISLE OF SCAMS – Comfortable relationships between poachers and gamekeepers?

      In what is becoming a habit on the Isle of Man (established by John Bourbon of the discredited Premier Group) the revolving door between the Isle of Man Financial Services Authority (FSA) and the financial services industry it “regulates” continues to rotate as Peter Kenny former board member of the FSA is appointed managing director of Old Mutual – Isle of Man.

      And like the Premier Group (Isle of Man) Limited changed its trading name … Old Mutual has decided to change its from “Old Mutual” to “Quilter”.

      Incest in the Isle of Scams financial services industry? Who would have thought it!

    • ISLE OF SCAMS! Comfortable relationships between poachers and gamekeepers?

      In what is becoming a habit on the Isle of Man (established by John Bourbon of the discredited Premier Group) the revolving door between the Isle of Man Financial Services Authority (FSA) and the financial services industry it is supposed to “regulate” continues to rotate as Peter Kenny former board member of the FSA is appointed managing director of Old Mutual – Isle of Man.

      And like the Premier Group (Isle of Man) Limited changed its trading name … Old Mutual has decided to change its from “Old Mutual” to “Quilter”.

      Incest in the Isle of Man financial services industry? Who would have thought it!

    • Unbelievable. I hope this is not fake news.

    • Unbelievable. These banks will stoop to any measures to keep these out of the Spanish Courts. I can understand why as it does seem that every month courts are ruling against these predatory banks.

  • admin posted a new activity comment 1 year, 8 months ago

    In reply to: eddie posted an update in the group Rothschild Victims do independent financial advisors have to be registered with Comisión Nacional del Mercado de Valores CNMV in Spain and is there any other regulator that […] View

    companies have to be registered and individuals must have specific education and on the following link http://cnmv.es/Docportal/Legislacion/Titulos/ListadoTitulos.pdf you can see the studies authorized by CNMV

  • admin posted a new activity comment 1 year, 8 months ago

    In reply to: billmac posted an update in the group Jyske Bank Victims Our debt has increased substantially and we are having to pay 185 euros a month to help service the interest. At age 82 it’s not how I thought life would be. View

    If you want us to review your documents and see if we are able to help you, you can email us at info@erva.es

  • admin posted a new activity comment 1 year, 8 months ago

    In reply to: GOAD became a registered member View

    Yes, there are ongoing cases against Jyske bank, but we are still waiting for the judge to fix the date for preliminary hearing of the case

  • admin posted a new activity comment 1 year, 8 months ago

    In reply to: GOAD became a registered member View

    Yes, there are ongoing cases against Jyske bank, but we are still waiting for the judge to fix the date for preliminary hearing of the case

  • The Appeal Court in Malaga has ordered the cancellation of a mortgage loan that was granted in favour of Surrenda Link Mortgages (SLM) on grounds that this company offered loans for investments but also, were […]

    • More great news in favour of the victims,well done Senor Martinez.Keep up the good work.

    • Snr. Echevrria ,

      Many congratulations on the recent result from the Appeal Court , Malaga.

      Wonderful work.

      William McArthur

  • In reply to: admin wrote a new post, CHANGE OF FORTUNES: BANKS SET TO LOSE MILLIONS WORTH OF EQUITY RELEASE CONTRACTS A recent ruling by the Appeal Court of Bilbao -confirming an earlier ruling by the Court of First […] View

    Dear David,
    I am afraid that your understanding of the Law about loan is not correct, loans are not annulled if not repaid within 5 years, but within 15 years and it is enough if the lender sends you a formal notification before the 15 year period expires to make the validity of the loan to continue and request the full repayment.

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