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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 bring those witnesses deemed useful in support of their arguments, the following individuals have been lined up for an up and coming Court hearing to take place in Denia:

  • Dean Murphy, former boss of Hamilton’s Financial Services, in charge of selling hundreds of fraudulent ER contracts. Currently based in La Cala de Mijas, Málaga.
  • Stephen Dewsnip, former manager Rothschild Bank International Limited that operated, knowingly, without a license in Spain. Currently living in West Sussex.
  • Peter Rose, former director at Rothschild Bank International Limited, currently living in Guernsey.
  • Claire Whittet, currently working for Rothschild Bank International Limited.
  • David Shannon, currently working for Rothschild Bank International Limited.

ERVA lawyers have cast doubt over the convenience -for Rothschild- of deposing those who explicitly extolled the false virtues of the Credit Select Mortgages, namely:

  • IHT-friendly.
  • Fully apt for risk-averse pensioners.
  • “Different” from a normal mortgage, as Rothschild would “not look to treating customers as regular borrowers”.

In all logic, those no longer under the umbrella of Rothschild will surely feel that being subjected to harsh cross-examination from the victims’ expert counsel, after moving on with their personal and professional lives, will be both stressful and unnecessary, unless of course their is some financial gain in it.

The Denia judge has the right to use his discretion to decide on the pertinence of Rothschild’s witness requests.