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Court Voids Foreclosure Action Brought By Nefarious Landsbanki
A San Roque Court has voided an earlier ruling granting Landsbanki the right to proceed with foreclosure action.
Lawyers acting for a victim of the distinctly corrupt Yvette Hamilius have opposed foreclosure proceedings on grounds that these were flawed, obtaining a resolution that sets aside action although, contrary to law in the opinion of lawyers, grants a further 15 days to Landsbanki to redressess the defect.
Lawyers acting for Landsbanki are Madrid-based Cuatrecasas, a firm that assisted both Landsbanki and Lex Life in the launch of the Equity Release and have ever since acted for the rogue company in both civil and criminal actions.
Bizarrely, Cuatrecasas recently vowed to take legal action against the same firms for using their name -allegedly illegally- in the advertising.
Lawyers for Equity Release victims are close to deciding on whether this firm is to be sued together with Landsbanki and Lex Life as a participant in the devising, creation and launch of the consumer-deceiving tax-evading Equity Release product.
A decision in favour of including the large firm could be precipitated by a recent statement made by lawyers acting for Landsbanki in the San Roque Criminal Courts who, in what can be deemed as a totally irresponsible comment, confirmed that the Equity Release is a valid and popular product to reduce IHT in Spain.
Does Anyone Know Where Baron de Rothschild Is?
Baron de Rothschild has proven to be an elusive character: the Denia Court of First Instance could not locate him in his Madrid offices. According to the Police, the receptionist alleged that this person was “not registered as a company employee” and thus, she “could not help with the Court request”.
She obviously has a point: Mr. Rothschild is not on the payroll of the Madrid office. At the same time though, surely she could have accepted the document and relayed it on to lawyers Gomez Acebo & Pombo, in Madrid.
But that was never to happen: lawyers for Mr. Rothschild have instructed staff at the company offices to stick to the same excuse, one that has worked very well in the past with Mr. Coutanche and Mr. Dewsnip.
On this ocassion though, a EAW (European Arrest Warrant) could be issued if the Rothschild camp keep giving the Court the runaround.
Nykredit & Sydbank to Appear in Court
Nykredit Realkredit A/S and Sydbank (Schweiz) AG are to appear in Court on the 6th of February 2015, in respect to an application notice for an interim freezing injunction.
The freezing injuctions seeks to prevent Nykredit from foreclosing on the Equity Release loan.
Both defendants have also been granted 20 days to respond to allegations as per proceedings filed against them.
Nykredit and Sydbank have always denied having any relationship or having ever jointly offered an Equity Release in Spain, in spite of abundant evidence to the contrary.
Marbella Mayor Case Against Antonio Flores Dropped
The Malaga Law Society has ruled that lawyer Antonio Flores did not incur in misconduct when revealing, a few months ago, that the Marbella Mayor had acquired a tax evasion product from Nordea Bank S.A.
The ruling concludes that the right to disclose information of public interest is not incompatible with the role of being a lawyer
The story can be read on this link below:
http://www.eldiario.es/andalucia/Carpetazo-alcaldesa-Marbella-inversion-Luxemburgo_0_330367254.html
Lunch with Stephen Dewsnip, former “Rothschild” Director
The statement below was made by a RV (Rothschild Victim). Names have been ommited to preserve confidentiality.
This statement fully validates Mr. Nott’s honest and truthful affidavit, and exposes the lies of the “Rothschild” brand.
Mr. Dewsnip, let your conscience be your guide and sever ties with your former utterly dishonest employers. You were economical with the truth on stand once, don’t dig a deeper hole for yourself.
Mr. Donald Nott of Henry Woods, a company trading as financial advisors previously known to us, telephoned to say that he was arranging a seminar in the Javea, Parador hotel and that a Mr. Stephen Dewsnip, a senior director of Rothschild Bank, would be giving a talk on a Rothschild financial product known as the “Rothschild Credit Select Series 4 Equity Release Plan”.
Due to a previous commitment we were unable to attend the seminar and instead asked Mr. Nott to come to lunch at our house, an occasion which would provide him with an opportunity to explain the “Rothschild Credit Select Series 4 Equity Release Plan” in greater detail.
Mr. Nott agreed to this arrangement and then asked if he could bring Mr. Dewsnip, the Rothschild Bank director, with him. We agreed to this and felt quite honoured to have a director from a prestigious bank in our home. Both men arrived at 12.30pm and we enjoyed some convivial, pre-lunch drinks together.
The smartly dressed Mr. Dewsnip appeared to be on extremely good terms with Mr. Nott.
Both were very courteous and once lunch started Mr. Dewsnip began to explain the Rothschild Credit Select Series 4 Equity Release Plan. Mr. Dewsnip advised us that, in view of our well-defined financial circumstances, the Rothschild scheme would be an ideal “investment” as it would release equity locked-up in our home, provide another source of income and reduce inheritance tax. The entire scheme, he assured us, was underwritten by a Rothschild Bank loan that would be guaranteed for 10 years.
Mr. Dewsnip was aware that my husband John John, a retired Army officer, had a small pension and Mr. Dewsnip also fully understood that the only accessible capital we had was tied up in our home. He advised both my husband and I that Rothschild Credit Select Series 4 Plan would be financially beneficial to us as the equity released in our home would provide us with an initial lump sum of up to 5% of the value of the house, and the “income” following on from investing the remaining money in a “financial product” would provide an annual net income of up to 3%.
Mr. Dewsnip wholeheartedly assured us that the Rothschild Credit Select Series 4 Equity Release Plan was guaranteed by Rothschild Bank and was particularly appropriate for elderly people not wishing to move house again. And that Rothschild Bank would not involve anyone, particularly pensioners, in a hazardous financial product that would expose them to unexpected risks.
We are inherently adverse to taking financial risks of any kind but the assurances we received from Mr. Dewsnip, director of Rothschild Bank who was actually sitting in our house and eating our food, was sufficient to convince us that the Rothschild Credit Select Series 4 plan was a safe and appropriate plan consistent to our financial circumstances. And it was the advice received from Mr. Dewsnip, a director of Rothschild Bank, that finally persuaded us to enrol in the Rothschild Credit Select Series 4 Equity Release Plan.
At no time during our lengthy conversation with Mr. Dewsnip did he draw any distinction between the names “NM Rothschild & Sons” and “Rothschild Bank International”.
At all times Mr. Dewsnip referred to his employees as “Rothschild Bank” and if there is a legal distinction between the two entities then Mr. Dewsnip failed in his fiduciary duty to disclose this information and in doing so misled us into entering into a contract.
Rothschild Contests Misleading Advertising Claim
Update from the Malaga Courts: Rothschild finally submits defendant’s writ to the claim brought by victims of the tax-evading CreditSelect Loan.
The allegations contained therein could hardly be more implausible:
- That NM Rothschild & Sons has no relationship whatsoever with the advertising, only attributable to RBI (Rothschild Bank International). Now if we click on the above logo, it takes us a firm whose corporate website happens to be hosted by NM Rothschild website.
- That both are two distinct companies that do share the same name but are, nevertheless, separate entities, strange coincidence we’d say…
- That NM Rothschild & Sons intervention was that of being a ‘mere’ lender and consequently, is not responsible for the advertising promoted by RBI and as a result, cannot be sued (NM Rothschild tries to dissociate itself from RBI only to admit that the product was promoted by RBI and granted by NM Rothschild…can anyone make sense of this?).
- That the equity release product was created by Hamiltons Financial Services and Henry Woods Investment Management, and not NM Rothschild who, they insist, was a mere innocent lender.
- That the advertising fby RBI was backed by Uría & Menéndez, top Spanish law firm who in 2004, drafted a comprehensive tax report and has to therefore be deemed bona fide.
- That Mr. Nott’s affidavit is biased and consequently, untrue (showing great concern too in respect to Mr. Nott’s comment that Rothschild did provide financial advice).
- That whatever the advertising was- never mind the Spanish Tax Office- it was all true because a Uria & Menendez sanctioned it (aside from conveniently manipulating the report to avert responsibility).
- That the clients could not prove that they’d read the advertising! This very shameful allegation should embarass any person, let alone a 300-year old lender. As it happens, the laws are able to cope with even the most devious operators, such as Rothschild: read the term “Probatio Diabolica“.
Premier Group (Isle of Man) Limited and SLM Group To Face Legal Action in Bilbao
Premier Group Limited, operating out of the Isle of Man, and SL Mortgage Funding Nº1 Limited, originating from Chester, have had legal proceedings against them accepted by Courts in Bilbao.
A group of claimants, represented by lawyers acting for ERVA, filed a civil complaint against the aboved named companies for selling tax defrauding schemes, worth a grand total of €7.5 million, through misrepresentation and deceipt.
The scheme, also known as SITIRS (Spanish Income Transfer and Inheritance Reduction Scheme), was the brainchild of Premier’s Sales Manager for Spain Charles Walton. Unfortunately for his former employers, Walton was busier cheating people than ensuring that his boss complied with the Spanish regulators, a kind of essential job he forgot about completely.
The Isle of Man Financial Supervision Commission, via the likes of Bobby Keig, Michael Weldon and Hazel Gawne, by repeatedly ignoring letters and emails from consumers cheated by this company, has given their implicit blessing to the now infamous clandestine activities of Premier Group, in Spain.
As for the appointed lenders, SLM, they were party to the scheme and derived an undisclosed profit for teaming up with Premier; they now face having their mortgages rendered null and void.
SLM (1) (1) (link to Court documents)
Baron David de Rothschild to Appear in Court
DENIA COURT ORDERS SPANISH POLICE TO CONFIRM ADDRESS FOR HIS SUMMONS
The writ dated 14th of October 2014 -received by lawyers acting for a Rothschild victim yesterday- has ordered the following:
- Reopening of the criminal investigation (preliminary inquiries) that was provisionally set aside (the latter status was not made aware to us as we had thought it was ‘alive’; as it happens, it makes little difference from a practical point of view).
- Informing the Spanish Prosecutor of the Court’s decision.
- Ordering the claimants’ counsel to submit a criminal complaint, making it extensive to Baron David de Rothschild (the POA did not include him as he was initially not listed as a potential defendant) with a view to “guarantee his right to a legal defense”.
- Ordering the Police Forces in Madrid and Barcelona to verify whether Rothschild’s addresses in those cities are suitable for summoning Baron David de Rothschild and Stephen Dewsnip, with a view to being interrogated following an official indictment.
It remains to be seen how will the bank tackle this setback; so far, the Rothschild camp have stood firmly by their IHT mitigation CreditSelect loan product, deriding clients’ claims and being dismissive of the authority and capacity of Spanish Courts.
Claim vs. Nykredit and Sydbank to Proceed Via Marbella Courts
Legal proceedings against Nykredit Realkredit A/S and defunct Sydbank (Schweiz) AG, the cowboys that nearly brought the Danish parent company down, are now underway with the Marbella Courts. The claimants are two British citizens ripped off by employees of both companies, one of which, Sydbank, operated out what is now a Fuengirola shoe shop.
This bank was never cleared by the Bank of Spain to conduct investment business, in spite of which they opened a branch office in the Costa del Sol town. The reason is that they never bothered to apply for a license.
Lawyers acting for claimants will be requesting that Christel Hansen gives a witness statement, under oath, in respect of her involvement in selling bogus financial products.
Cristel, in the years of the Equity Release, would be used by Nykredit as a “pretty face” to lure unwary property owners into the trap. She used to visit clients in their own homes, together with Sydbank staff, and there are photos of her that corroborate this.
It remains to be seen whether she will choose to risk her freedom by lying in Court or, rather more appropriately, be honest and upfront about the misdeeds of her current employer.
BBVA found guilty of misleading publicity
Second-largest Spanish bank, BBVA, in what has been described as a landmark ruling, has been found guilty of misleading advertising when offering customers foreclosed properties through printed publicity material.
The specific illegality refers to inserting a disclaimer at the bottom of the ads where it read as follows:
The information contained in this publicity is not of a contractual nature as it merely has informative purposes, being the promoter able to freely modify the characteristics of the offer at any time.
According to the Mercantile Court Number 2 in Madrid, this advertising is illegal and has to be removed.
Also, the bank will have to post rectifying publicity in all BBVA branch windows throughout the country.
Source: http://www.ausbanc.com/web/Condena_ejemplar_a_BBVA_por_engañar_a_los_consumid_2014911113339.asp
