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BigMach posted an update 4 years, 4 months ago
Did Nordea have regulatory approval to operate in Spain? It is a significant issue, given the ruling by the court in Bilbao which declared that mortgage loans, investment vehicles or other such instruments would be declared null and void.
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BigMach posted an update 4 years, 5 months ago
I am late to the party, so forgive me if I am covering old ground, but I have just read an article by Antonio Flores in the Olive Press from 2016 in which he states that the Supreme Court has ruled that several cases brought against a number of banks could result in contracts signed by expats being declared void.
One of the banks named was…[Read more]
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BigMach posted an update in the group
Nordea Bank Victims 4 years, 5 months agoIn October 2013, Nordea SA appeared in the Malaga court. The judge found against Nordea on a number of issues, but deferred sentencing until 2015. Where would I find a record of the 2015 judgement? I an find no record in the newspapers, nor is there any mention of it on this site.
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BigMach posted an update in the group
Nordea Bank Victims 4 years, 5 months agoIn February 2020 Nordea Luxembourg, where all the Managed Capital Mortgages were handled, went into liquidation. I would suggest that they saw what was happening in Spain in respect of other similar mortgages and decided to divest themselves of the mortgage business to protect the rest of their business. The liquidators are Reviva, who may not…[Read more]
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BigMach joined the group
Nordea Bank Victims 4 years, 5 months ago -
BigMach posted an update 4 years, 5 months ago
We have initiated legal proceedings against Nordea, who are in liquidation. There have been no recent posts by Nordea victims. Do we know where we are in respect of legal precedent. Have any cases yet been heard against Nordea?
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BigMach became a registered member 4 years, 5 months ago
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