EXPERTISE

Lawsuit against a promoter

Giménez-Salinas | Practice area: Real State.

We have recently filed a lawsuit against a promoter, its administrator, and a bank for delays in the delivery of houses.

The promoter failed to fulfill its obligation to deposit the advances into a special account and to take a financial guarantee, as required by law. According to the recent jurisprudence of the Supreme Court, the bank is jointly and severally liable for failing to open a special bank account and required a financial guarantee from the promoter.

Likewise, the administrator may be responsible for a serious breach of his duty of diligence in the exercise of the office.

The amount of the lawsuit exceeds 150,000 Euros.

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