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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

OUR MISSION
TO RECOVER OUR OFF-PLAN DEPOSITS
PAID IN GOOD FAITH TO CLEYTON GES SL
& CAJA DE AHORROS DEL MEDITERRANEO

Email:  fpag@btinternet.com

THE DEVELOPER - Cleyton GES SL

Cleyton GES SL is a company registered in Spain under company number B53706362.

Cleyton GES SL was incorporated on 29 October 2002.

Cleyton GES SL still have their registered address as being in Avenida Juan Carlos
in Murcia, although they vacated those premises early in 2009.

Cleyton GES SL was the developer/promotor of Las Higuericas, Finca Parcs.

Cleyton GES SL and the projects funding bank Caja de Ahorros del Mediterraneo failed to
issue the legally required Bank Guarantees to every purchaser.

Cleyton GES SL stated on their Finca Parcs website that they had a land portfolio
of 2,400 dwellings.  We were never able to establish just exactly where these
2,400 dwellings were.

From the Finca Parcs website:

"With a current land portfolio offering over 2,400 dwellings, the reputation of Finca Parcs
is built on a proven ability to considerately and meticulously develop exclusive resorts set
amongst areas of outstanding natural beauty"

"As a company with a solid financial history, we are able to provide bank guarantees for
all customers, at each stage of the purchase process"


Cleyton GES SL abandoned the Finca Parcs project in May 2009.

Cleyton GES SL has many judicial actions outstanding against it and on most of
these the Judge has declared Cleyton GES SL as 'Ignorado Paradero' which means
'Whereabouts Unknown'.

Las Higuericas, Finca Parcs was also marketed by the company Finca Expert SL.
Some Administrators/Directors of Cleyton GES SL also held similar positions
in Finca Expert SL.

Finca Expert SL constructed houses in the Catral area of the Costa Blanca.

The residents on one of these developments, Finca Los Mazones (Finca Azafran) in Rafal
are currently fighting to legalise their homes.

You can visit their website by clicking the link below.

In September 2009 Cleyton GES SL announced to
all Finca Parcs Purchasers via the Eye on Spain website that the Las Higuericas
Finca Parcs development was 'financially unviable' and had been cancelled.  They stated that
CAM Bank would refund all purchasers who had been issued with Bank Guarantees.
Furthermore, they promised that all purchasers who had not been issued with the
legally required Bank Guarantees would received a full refund with the addition of
6% legal interest.

The FINCA PARCS ACTION GROUP closely monitored the Finca Parcs Refunds Process
which despite many promises failed to deliver the promised refunds.

Below is the final statement issued by Cleyton GES SL following the failure
of the Finca Parcs Refunds Process in March 2010.
 

05.03.2010 - Final Statement from Cleyton GES SL:

Dear Sir/Madam,

As the result of a meeting with Antonio Hernández Gómis, it is with deep regret that I have to inform you that, in spite of heroic efforts by Antonio, the Finca Parcs refund process has failed.

If you have instructed one, I suggest that you contact your solicitor as soon as possible.

You could also try looking at the www.fincaparcsactiongroup.com web site.

It is with sadness that I am sending this message, as I feel that I know many of you personally.

I would like to take this opportunity to wish you success with your claims, and best wishes for the future.

Goodbye.

Regards

Max


Email: fpag@btinternet.com

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