The Equity Release Victims Association

What I don’t understand Antonio Flores is why you can’t represent all the clients under one class action suit. The exact same contracts were signed with OMM and Jykse Bank by many pensioners including my mother whom you have been saying for 10 years you’d get her some recompense and her property returned to her sole name. If it can happen in one case why is the Supreme Court not ruling it for all. I also was under the impression when my mother paid you your fee that she was part of a group claim.

Dear Fiona,

It is not possible to always represent all clients under one class action, there are many factors that influence this:

– The timing of the claim: to have a class action you need to have claimants willing to file a case jointly, at a same time. In respect to Jyske, our clients approached us in different moments in time.
– Courts: Not all tribunals accept joint class actions, the reason being that on miselling claims plaintiffs can be categorized differently based on their profiles (non-experienced or experienced investors) and therefore, what may apply to one claimant may be dismissed for another one. Our firm has filed several class actions of which 2 were accepted by the Courts and with positive result. We did file others where the Courts understood that it would not possible to join claimants, and they should each file independently.
– Defendants: there are instances where not all the defendants are the same since, for example, the introducing agent can be different in which case, there isnt an identity of defendants for all claimants.

When we took one your mother we had not envisaged bringing a class action.

Happy to clarify other points you might have.

Regards

As a victim of Danske Bank cheating me I agree with Lawbird that these powerful rich financial institutions such as Rothschild Bank and Swiss Life Luxembourg are delaying as much as they possibly can trying to await the deaths of their victims furthermore in the hope that the old age pensioners will give up trying to sue them for their misdemeanours. Also they have not been successful in many of their defences of the Courts actions in Spain and may have fear of more exposure in the Press. Thus we members of the EQUITY RELEASE VICTIMS ASSOCIATION must continue to pursue the banks who robbed us of our savings.

Rothschild dependent entity but they are happy to jump into bed with unregulated so called financial advisers like Hamiltons Financial Services SL and anyone one else that would sell their credit select 4 scam.

Dear Mrs Andrew,
Hopefully you should be receiving notification form the High Court shortly. Court proceedings take time and this pandemic situation has caused further delays due to courts being closed for several months.In any case, please note that you still own your property, Jyske does have a charge (mortgage) on it, but you still own it. This is something which your lawyer can confirm by requesting a nota simple from the Land Registry Office.

Kind regards,

Hi Antonio in the article is said that they were operating without a license would this apply to all the IFA that have been involved in all this or just the banks and what is the licence . Also what law does it come under in Spain.

Tip of the iceberg as more banks are being exposed as being involved in illegal equity release schemes promoted by illegal Spanish based companies employing illegal “financial advisors” hawking illegal products operated from less than savoury tax evasion havens such as the Isle of Man, Guernsey, Luxemburg and now Denmark!

Well done to all those brave people who refuse to give up the fight against cowardly scoundrels who prey on elderly people. First class result!

..Great news again for all those scammed by banks peddling illegal investments/life insurance products. It has taken a lot of time but now month by month the courts are hearing all these cases and ruling in favour of the luckless ex-pats.

Great news yet again for all victims of the the now infamous equity release/Insurance scams.

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,

Antonio With reference to the article Rothschild Case: Malaga Court Demands Spanish Address for Summons published on the 10th May 2014 especially the comment below:
Should the Court accept any of the above addresses service of process will be duly carried out and Rothschild will have 20 days to respond to the allegations that their company, in their capacity as lenders, a specifically envisaged, designed, marketed and sold a product, the Credit Select Loan Series 4, to defraud the Spanish Taxman.

Could you please let me know what is happening with regards to this.