Monthly Archives: May 2009

May 22nd, 2009

Lawbird Legal Services has obtained another successful final ruling litigating on behalf of 20 British and Irish clients in a class action law suit against renowned Marbella developer Peñarroya.

All clients had purchased off-plan units on the well-known development La Reserva de Marbella in Elviria, Marbella East. Málaga’s First Court number one in its ruling of 2008 had sentenced Peñarroya to refund its 20 clients their full deposits. Peñarroya appealed through their lawyers this first ruling which then went on to be heard at Málaga’s High Appeal Court.

The Appeal Court has now confirmed the first ruling sentencing Peñarroya to pay for the full legal fees of the plaintiffs plus the accrued legal interests on their deposits besides of course refunding their deposits in full.

More on this subject:

May 14th, 2009

Mr Luis Fernando Gonzalez Ordoñez from Lawbird secured successfully the deposits of seventeen clients who had purchased in the Estepona development named Santa María, by developer Lar Sol, after initiating the bank guarantees execution procedure.

Prior to retaining Lawbird’s legal services these clients had been waiting for over a year to be refunded due to a breach on late delivery of the property. In less than three months Mr Gonzalez assisted by Mr Raymundo Larrain Nesbitt managed to recover their full deposits with the legal interests accrued. In total over €700,000 recovered which have already been safely transferred to our clients.

About half our clients have decided to carry on with the court procedures to demand from Lar Sol a compensation of 50% of their deposits. The developer, by means of a clause in the private purchase contract, agreed to compensate purchasers with this amount if they could not deliver the properties on time.