Professional responsibility of financial or investments advisors in Spain II. How to avoid problems, precautions.

As we pointed out in a recent article, unfortunately many people have suffered the consequences of having invested through investment or financial advisors who operate in Spain, many of them in an absolutely illegal, negligent, way. Needless to say, all those financial advisors like any other professionals who do their job correctly and legally, deserve […]

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Mortgage with a floor, expense, multicurrency clause, etc? The new courts with exclusive competence.

The General Judiciary Council has approved, by an agreement on May 25 2017, the specialisation of 54 courts (about one per province) to be responsible for dealing with court proceedings concerning floor clauses, mortgage expenses, delay interest, multi-currency, etc. and clauses of loans and credits, guaranteed with a mortgage,  that means mortgages, where the borrower […]

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Negligence and Liability of financial advisers (for expatriates) in Spain

TRADITIONALLY in Spain financial and investment advice has been made through banking entities. In general, we can say that the Spanish banks have not done a satisfactory job if we take into account all the scandals they have been part of, relative to toxic and high risk investment products, such as subordinated, preferred shares, convertible […]

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