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LOAB PIONEER ABOGADOS (year 2012) in obtaining conviction with retroactive effects for annulment of "floor clause"

Specialists in Administrative, Immobiliary and Urban Law

banking

European justice obliges banking to return everything charged for ‘floor clauses’ (21/12/2016).

The EU Court rules against the Spanish financial system, which must return at least $4 billion paid for mortgages by 2013.

Our firm pioneered a favourable judgment (year 2012) declaring the floor clause invalid and condemning the bank to the return of what was improperly charged with retroactive effect and with express conviction in costs, from the date of conclusion of the contract.

See judgment of 18/06/2012

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