Post by account_disabled on Feb 27, 2024 3:37:34 GMT -5
The collapse of the courts prevents the immediate execution of judicial decisions The Government intends to use opaque cards to sell that it fights corruption now, the agony and desperation that thousands of preference holders throughout Spain have had to suffer has a new chapter. In fact, as several law firms that defend the joint interests of thousands of people affected by the scam of Bankia's preferred shares and subordinated debt have explained to Digital , the problems for the thousands of citizens who bought these products were not deceived. They end when the sentences win . is the entity that distributed the most money, more than 3,000 million euros, among its clients under the formula of these complex products. It is estimated that more than people were affected. According to these sources, more than 90% of the lawsuits that have been filed against this entity are being resolved in favor of those affected. However, that does not mean that the thousands of people affected will immediately collect their money.
The normal thing is that the entity appeals the sentence handed down by the judge, and we then ask for the execution of the sentence while that appeal is resolved so that our clients can collect and thus end their nightmare,” they explain from a Madrid law firm. However, the collapse of justice and the fact that Bankia rushes until the last moment to pay the money required by that first sentence, is causing another ordeal for the preferential holders because from Netherlands WhatsApp Number the moment they win in the first instance until they collect they go from new several months . “It already takes a long time from when the lawsuit is filed until the trial comes out and until there is a sentence. But the courts are full and when the execution of sentences is requested, several months may pass again until the client receives payment,” they explain from another law firm. In our case we have around 30% of the sentences won in the first instance and the execution of the sentence has been requested but the money has not been paid by the entity and therefore the client has not received it yet," they explain from a law firm that defends more than a thousand victims.
We have calculated that it is about 50 million euros that are not in the hands of those affected by the court delays,” they say. More demands It has been more than two years since the majority of those affected by the preferential ones decided not to resort to the arbitration offered by the Government and presented their corresponding claim to the courts. After this time, there are still many affected parties who have pending trial or collecting their investment. The incredible bond between Pablo and Iñaki Urdangarín While this happens, it is most likely that a new wave of lawsuits will begin against for fraud in the entity's listing on the stock market. Last Friday the Government made public that the Bank Restructuring Fund (FROB) would bear 60% of the costs of these demands, and Bankia the other 40%. The entity has decided to distribute a cash dividend of million euros, of which million will be collected by its parent company, BFA , wholly owned by the State. That represents a pay-out of of the profit. The result of the BFA group remains at 418 million in net profit , after the provision of million in BFA and 780 in the group's total for the contingency of the IPO.