In a recent landmark judgement dated December 21, 2015, the Spanish Supreme Court has held that banks must refund the off-plan developments deposits in Spain paid by would-be home owners. Thus, the banks – together with […]
Read More“Floor clauses”, conditions of variable rate mortgages that prevented interest rates going down below a certain level (i.e. 3 %) while the benchmark (in the vast majority of cases, the Euribor) did, are null “in […]
Read MoreThe Court of Justice of the European Union(“ECJ”) in its judgment of 14 March 2013 (C-451/11), has determined the breach by the Spanish law of Directive 93/13/EEC of 5 April 1993, because, on the one […]
Read MoreIt is a common situation, that EU citizens, mostly Britons, acquire real estate properties in Spain. In this case, it may be interesting planning ahead of the transmission of these properties in order to minimize […]
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