The Malaga Mercantil Court accepts a claim brought against Nordea Bank Luxembourg for misleading advertising after having verified, ex officio, that the document complies with procedural rules and regulations on the matter.
Service of process will now follow upon which, the defendant will have 20 days to prove that the rubbish that is still on offer on the Nordea website is entirely correct, accurate and not misleading; Mmmm, tough task for the Madrid high-flying legal-eagle snobs…
Let’s just remember one of many:
We are proud of our NORDIC VALUES, they differentiate from our competitors-
Latest news: the Somali Bankers’ Association has taken exception and they too wish to contest it vigorously.
Documents
Well, Well, what a surprise. Nordea Bank Luxembourg will be wondering what on earth is going on. This is indeed a new approach to litigation in Spain, where it is up to the defendant (Nordea) to prove they are different. Also that their brochures which state that the beneficiaries in their Equity Release Schemes can get a good deal from the tax man with Inheritance and wealth taxes. Now they will have to put their money where their mouth is and prove that this is fact and not fiction. AND they have to do all this in 20 days. Well good luck you ..anking scoundrels. I hope you have as miserable a Christmas as some of your victims will have, thanks to you. I will add the same message to their lawyers who are as bad as they are for putting up and defending such lies, when they know different.
Well done!
All the disgraceful Banks with their crooked schemes to manipulate decent people, seem to grow like mushrooms in Luxembourg.
Who is at the top of Luxembourg Judiciary?
How can Luxembourg not be ashamed of what is being sold to people under the false claims if Luxembourg protecting the consumer?
How can the €ankers and the manipulating administrators be allowed to Carry On with such fraud and manipulation?
It is nice to see there are judges in Spain who are doing the right thing and that Nordea will be grilled just as Landsbanki and the administrator are being grilled in France!
Luxembourg has got too arrogant and too greedy for its own good as most see it.
How can they reply within 20 days…..they are too busy partying for Christmas and working out their bonuses!!!! – paid out of our money.
Well done, great news about the case.
This is wonderful news. Congratulations to erva and Antonio Flores and his team at Lawbird, Marbella for their endeavours. Nordea Bank SA, what can I say, this insensitive banking group led by Jhon Mortensen in Luxembourg with his once side kick Claus Jorgensen, now kicked out I believe or moved on out of harms way and their equally distasteful representative in Marbella, somebody called Hertz I think. He should have been a car hire guy its about the limit of his inteligence and customer service. Lets see what they come up with in their defence. Quite honestly they cannot, Their sales and promotion brochures are there to see and the law is there to see also. I really wonder what cock and bull story their lawyers will dream up. No doubt some delaying scheme equaly as obnoxious as their equity release scheme. Please report what happens. End of January will be fine.
Yes,Yes,Yes. Finally we are getting some positive news. Well at least the team from erva predicted so a few weeks back. I wonder what else will surface. Oh yes, I remember reading on this site that Rothschild were going to be in the same boat, I think proceedings were being served later this month in the same . As one case has been accepted there should not be any problem in the court admitting another. What a wonderful venue for these cases. What is more the banks have to respond within 20 days, not only respond but convince the court that their literature was not mis-leading or fraudulent. Fat chance of that happening. Well you donkeys at Nordea, I hope you choke on your turkey, if thats what you Danes eat at Christmas time
I can’t believe it. I have just read that “Torre Merde” that is included in the main post. Are these people serious and believe this rubbish, I guess, a lot of 70 to 80 year old pensioners believed it and fell right into their trap. What a shame for these poor people, it really is heartbreaking to know that they are in danger of losing everything, well perhaps not in the end as the courts are not that stupid to believe this. Lets have a little prayer for one of our members and victims who have had one property repossessed by Nordea and now it seems they are after the other. This is the gentleman 70 years of age who has been fighting cancer for many years. Recently he had to have his anus removed and now has to carry a plastic bag around with him. Do Nordea care. Like hell they do. Damn you Nordea for being so heartless and without soul.
http://www.wort.lu/en/view/report-ubs-tampered-with-swiss-franc-rates-since-2001-50d808e6e4b0f41b467cee11?utm_source=twitterfeed&utm_medium=twitter
What chance did any of the victims of Nordea Bank’s have. Not only where they duped by mis leading advertising, tantamount to fraud. They were also manipulated by the bank to take out the loans in Swiss Francs. Now we can read from the above link that they also fell foul to a manipulation of the Swiss Franc, as well as the manipulating of manipulate the Libor reate. Most of their victims were conned into taking out these mortgage loans in Swiss Francs. As the article states this affected all mortgages. You did not ever stand a chance of these schemes working.