Dear Readers, As we have informed in previous articles, the European Inheritance Regulation 650/2012 applies to all successions in relation to deaths that occurred from 17th of August 2015 onwards. Since the 17th of August last year, successions in Spain are in principle governed by the law of the country where the deceased has habitual […]
The importance of the wording on a Purchase and Sale contract.. Penalty clause vs “Arras Penitenciales” (Penitential Deposit).
Question : Dear lawyer, I signed a purchase deposit contract as a seller, on it was agreed that if I do not fulfil the contract I must return double the deposit received. Now, we have an appointment to go to the notary, but I do not want to sell. I have informed the buyer that […]
Are you affected by a multicurrency mortgage loan? Is your loan linked to the change between Euro-Swiss Franc, Euro-Yen, etc?
Multi-currency mortgages are apparently normal mortgage loans, but instead of operating in Euros, they are linked to other foreign currencies. Offered by banks normally to high income customers, as a formula to benefit from the changes between currencies, in practice it has caused to those affected enormous economic damage. This is because usually the evolution […]