.Our Spanish partner, solicitor Martin de la Herran, discussing the Reclaim in Spain service and the recent discussion piece featured on Ireland’s LMFM Late Lunch showThe Euro Weekly feature reads as follows:
“ON June 21, 2016 Martin de la Herran, a lawyer based in Albir, appeared on Ireland’s LMFM Late Lunch show together with The Claims Bureau. Abolex and The Claims Bureau were invited to discuss exciting news for people who had lost money after paying a deposit or stage payment to a Spanish developer for an off-plan property that was never built, or was severely delayed. Martin de la Herran was joined by a customer, Ollie Reel, who had lost money investing with Ocean View Properties, and Michael Coyne and Peter O’Donnell of The Claims Bureau (chief executive and chairman respectively). Both companies have joined on this project to help those who may have lost their investment in Spanish properties during the boom times. Until recently the Spanish banks have all challenged the interpretation of an old law that was put in place in 1968 (Law 57/68) to protect local and foreign investors who bought property off-plan in Spain. Over the last 12 months the Supreme Court in Madrid has found in favour of claimants in no fewer than five separate cases, each one challenging a different aspect of Law 57/68. The judgements confirm that the banks, where deposit monies were held, were legally bound to guarantee those funds and return them in the event the developer went bankrupt, ceased trading or failed to meet the agreed completion timetable. The Supreme Court in Madrid has now given the Spanish banks a clear interpretation of Law 57/68 which clearly details that they must pay out on claims made against them in cases where clients’ money has not been protected. Martin de la Herran took time to explain Abolex’s new no-win-no fee Reclaim in Spain service, and gave his expert view on Spanish law and how UK and Irish investors in Spain can now apply to receive all their money back.”
DNDLAW Solicitors
Donnelly Neary & Donnelly offer a full range of legal services including Conveyancing Tax Commercial Criminal Family Law Divorce Wills Probate Immigration Notary Public from offices in Newry Castlewellan Dublin Portadown serving all of County Down Armagh and Belfast
For more information visit our offices or telephone 028 30264611
Our website is www.dndlaw.com & www.notaryni.co.uk
Offices at
1 Downshire Road Newry County Down BT34 1ED
21 Deans Court Christchurch Dublin 8
31 Main Street Castlewellan County Down
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