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(CAM Bank)
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LEY 57/68
The Shocking Truth
The Banks &
Savings Banks
Bank Guarantees
in Spain
LEY 57/68
English & Spanish
Explanation of
LEY 57/68

|
Current
Number of Group Members: 64
Current Number of Plots: 74
Deposits Paid: 2,083,231 € |
Email:
fpag@btinternet.com |
Our Situation
The developer Cleyton GES SL and the projects funding bank who
accepted our Off-Plan deposit
payments, Caja de Ahorros del
Mediterráneo,
failed to issue our
group members with the
legally required Bank Guarantees |
Los
Hechos
La promotora Cleyton GES SL y el banco que financiaba el
proyecto y que aceptó nustras cantidades a cuenta, Caja de Ahorros
del Mediterráneo, incumoplieron sus obligaciones en cuanto a la
emisión y entrega de avales bancarios de acuerdo con lo establecido
por ley |
Our Mission
To recover our Off-Plan Deposits paid in good faith to
Cleyton GES SL
& Caja de Ahorros del
Mediterráneo (CAM Bank), which according to
Spanish Law, in particular,
LEY 57/68 Article 1.2, "must
be deposited in a Special Account, with separation from any
other funds
belonging to the promoter, which may only contain funds
deposited for the
construction of dwellings. For the opening of
these accounts or deposits the Banking institution
or Savings bank (in
this case CAM Bank), under its responsibility,
will demand the bank guarantee to which the previous condition (Article
1.1) refers |
Nuestra Misión
Recuperar las cantidades
entregadas a cuenta a Cleyton Ges SL y Caja de Ahorros del
Mediterráneo, que de acuerdo con lo establecido en Derecho español,
y en particular, en la
Ley 57/68, artículo 1.2, "las que habran de depositarse
en cuenta especial, con separacion de cualquier otra clase de fondos
pertenecientes al promotor y de las que unicamente podra disponer
para las atenciones derivadas de la construccion de las viviendas.
Para la apertura de estas cuentas o depositos la Entidad bancaria o
Caja de Ahorros, bajo su responsabilidad, exigira la garantia a que
se refiere la condicion anterior (Articulo 1.1) |
STOP PRESS - VICTORY
FOR THE FINCA PARCS ACTION GROUP
IN THE FIRST INSTANCE COURT IN HELLIN
CLICK HERE
TO DOWNLOAD A COPY OF THE FULL SENTENCE
CLICK HERE TO DOWNLOAD THE SUMMARY OF THE SENTENCE
MEDIA COVERAGE -
FINCA PARCS ACTION GROUP
receive coverage in the media via Spanish/English newspapers,
internet news portals and forums.
Click here for links to the press coverage
LATEST NEWS - For Latest News
regarding FINCA PARCS ACTION GROUP please
click here
The logo's below were taken from the Finca Parcs Official Brochure & from the
Finca Parcs Easyjet Magazine Advert


The text
below is from
the 'About our Partners' page on Cleyton GES SL
Las Higuericas,
Finca Parcs Website:
"Cam Bank are one of largest high street banks in
Spain. Not only will they provide bank guarantees
throughout your purchase, they also invite our
purchasers to apply for mortgages of up to 80% of their
property. Cam Bank have English speaking employees
throughout their branches ensuring any assistance you
require shall be easily given"
The text below is from a Cleyton
GES SL letter dated - October 2005:

The clause below is taken from the
Cleyton GES SL Finca Parcs,
Sales Agreements - Contrato de Compraventa

Bank of Spain
Governor Miguel Ángel Fernández Ordóñez called
the behaviour of the CAM executives "scandalous" and said the
bank was "the worst of the worst" (Lo Peor de lo Peor) at a
press conference in September 2011
For
more information on the FINCA PARCS ACTION GROUP please send us an email
with your
name and plot number
Email:
fpag@btinternet.com
©
Copyright. Finca Parcs Action Group /
Finca Parcs
Grupo de Acción
2009-2012
| Website Design: FPAG |