Landsbanki in liquidation (perpetual it seems) and Jyske Bank are trying everything within their reach to have their cases extracted from Spanish Court and dealt with unfamiliar and likely bank-friendly jurisdictions, such as Luxembourg and Denmark.

However, Spanish Courts will have none of that and have confirmed, on appeal too, that at least 9 cases brought by lawyers
on behalf of equity release victims- -Lawbird Legal Services represented by Juan Martínez Soler in this case- against Landsbanki will be entirely ventilated in Spain and, equally, in no less than 3 cases brought against Jyske Bank will also be heard before Spanish judges.

The main argument Spanish banks are invoking is an exclusive jurisdiction clause tied up to the place of location of the property, known in latin as ” La Lex loci rei sitæ “.