20 Jan, 2015 @ 18:32
1 min read

Stunning expat victory againt Cajasol bank and Costa del Sol property promoter


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

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