A DOZEN expats have had a stunning victory against Cajasol bank and a defunct property promoter.

An Estepona court has ordered Manilva Costa SA and Cajasol – now known as Caixabank – to return €600,000, plus interest, to 11 British expats who bought properties in the Jardines de Manilva development.

The Britons, represented by Lawbird Legal Services, had paid advances to Manilva Costa – which had developed the complex.

But the properties were not completed before the promoter filed a huge bankruptcy case in 2011 in Sevilla.

Luis Gonzalez Ordonez, of Lawbird, said: “This result is of vital importance for future investors, whose confidence in the Spanish legal system – too often called into question – should be reinforced.”

Imogen Calderwood

About Imogen Calderwood

DO YOU HAVE NEWS FOR US at Spain’s most popular English newspaper - the Olive Press? Contact us now via email: newsdesk@theolivepress.es or call 951 273 575. To contact the newsdesk out of regular office hours please call +34 665 798 618.

2 COMMENTS

This site uses Akismet to reduce spam. Learn how your comment data is processed.