• BigMach posted an update in the group Group logo of Nordea Bank VictimsNordea Bank Victims 7 months, 1 week ago

    In 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 have grasped the depth of the problems that have been dumped in their lap.

    As we embark on legal action it would be useful to know what precedents have been set by the judges. The case in Fuengirola provided a very comprehensive result, which is most encouraging.

    Are there any active members in this group?