{"id":1427,"date":"2014-06-09T20:52:56","date_gmt":"2014-06-09T19:52:56","guid":{"rendered":"https:\/\/www.lawbird.com\/wordpress\/?p=1427"},"modified":"2014-06-10T11:53:35","modified_gmt":"2014-06-10T10:53:35","slug":"n-m-rothschild-and-sons-to-be-notified-of-legal-proceedings-by-malaga-mercantile-court","status":"publish","type":"post","link":"https:\/\/www.lawbird.com\/wordpress\/n-m-rothschild-and-sons-to-be-notified-of-legal-proceedings-by-malaga-mercantile-court\/","title":{"rendered":"N.M. Rothschild and Sons to be Notified of Legal Proceedings by Malaga Mercantile Court"},"content":{"rendered":"<p style=\"text-align: justify;\">The Malaga Mercantile Court 1 Bis,\u00a0with date<a href=\"https:\/\/www.lawbird.com\/wordpress\/wp-content\/uploads\/2014\/06\/PalacioJusticia.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright wp-image-1428 size-medium\" src=\"https:\/\/www.lawbird.com\/wordpress\/wp-content\/uploads\/2014\/06\/PalacioJusticia-300x199.jpg\" alt=\"PalacioJusticia\" width=\"300\" height=\"199\" srcset=\"https:\/\/www.lawbird.com\/wordpress\/wp-content\/uploads\/2014\/06\/PalacioJusticia-300x199.jpg 300w, https:\/\/www.lawbird.com\/wordpress\/wp-content\/uploads\/2014\/06\/PalacioJusticia.jpg 470w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a> of the 7th of May 2014,\u00a0has formally accepted a lawsuit\u00a0filed by 15 pensioners against Rothschild,\u00a0its jurisdiction\u00a0on the subject matter\u00a0and service of process on the Spanish addresses\u00a0provided for N.M. Rothschild &amp; Sons (Madrid and Barcelona).<\/p>\n<p style=\"text-align: justify;\">According to the Unfair Competition and Protection Against Consumer Advertising, as ammended,\u00a0(law 29\/2009, of December 30, 2009), <strong>any service provider that advertises in Spain is obligated to run decent, legal, honest and truthful advertising<\/strong>.<\/p>\n<p style=\"text-align: justify;\">According to Lawbird Legal Services Rothschild offered a product, <strong>the Credit Select Series Mortgage Loan<\/strong>, that was sold to pensioners as a legal means to reduce the value of their otherwise unencumbered homes, for Inheritance Tax mitigation purposes.<\/p>\n<p style=\"text-align: justify;\">The Tax Office, on the contrary, has ruled that such scheme <a href=\"https:\/\/www.lawbird.com\/wordpress\/spanish-tax-office-will-not-accept-equity-release-to-mitigate-taxes\/\">constitutes fraud<\/a>.<\/p>\n<p style=\"text-align: justify;\">Acting pensioners have demanded from Rothschild that their mortgages, <strong>with a combined value of over \u20ac4 million<\/strong>, are cancelled (action for removal of effects). But also, lawyers have filed, in conjunction with the most pressing\u00a0&#8216;removal of effects action&#8217;, a main and principal\u00a0declaratory action, an action for cessation, future prohibition and for rectification of misleading, inaccurate or false information.<\/p>\n<p style=\"text-align: justify;\">With the new law it is also possible,\u00a0if the court deems appropriate, to order that the judgment be published in whole or in part (this remedy is no longer dependent on an action for damages), or that a corrective statement be made.<\/p>\n<p style=\"text-align: justify;\">Finally, it is worth mentioning that this case, alongside another one dealt with by the Criminal Courts in Denia, <a href=\"http:\/\/erva.es\/2014\/01\/23\/rothschild-dewsnip-danske-nykredit-and-sydbank-mentioned-in-parliament\/\">was a matter of Parliamentary discussion<\/a>\u00a0by\u00a0<strong>MP Huw Irranca-Davies and\u00a0Conservative\u00a0Treasury Minister Sajid Javid.\u00a0<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Malaga Mercantile Court 1 Bis,\u00a0with date of the 7th of May 2014,\u00a0has formally accepted a lawsuit\u00a0filed by 15 pensioners against Rothschild,\u00a0its jurisdiction\u00a0on the subject matter\u00a0and service of process on the Spanish addresses\u00a0provided for N.M. Rothschild &amp; Sons (Madrid and Barcelona). According to the Unfair Competition and Protection Against Consumer Advertising, as ammended,\u00a0(law 29\/2009, of [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":1428,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[165,164,166],"class_list":["post-1427","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-litigation","tag-credit-select-series-mortgage-loan-rothschild","tag-rothschild-equity-release","tag-spain-equity-release"],"_links":{"self":[{"href":"https:\/\/www.lawbird.com\/wordpress\/wp-json\/wp\/v2\/posts\/1427","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.lawbird.com\/wordpress\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lawbird.com\/wordpress\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lawbird.com\/wordpress\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lawbird.com\/wordpress\/wp-json\/wp\/v2\/comments?post=1427"}],"version-history":[{"count":8,"href":"https:\/\/www.lawbird.com\/wordpress\/wp-json\/wp\/v2\/posts\/1427\/revisions"}],"predecessor-version":[{"id":1436,"href":"https:\/\/www.lawbird.com\/wordpress\/wp-json\/wp\/v2\/posts\/1427\/revisions\/1436"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.lawbird.com\/wordpress\/wp-json\/wp\/v2\/media\/1428"}],"wp:attachment":[{"href":"https:\/\/www.lawbird.com\/wordpress\/wp-json\/wp\/v2\/media?parent=1427"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lawbird.com\/wordpress\/wp-json\/wp\/v2\/categories?post=1427"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lawbird.com\/wordpress\/wp-json\/wp\/v2\/tags?post=1427"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}