Power of Attorney Explained

Our Senior Claims Manager Gareth, has answered many questions over the years relating to Power of Attorney. So here are some of his thoughts on the subject. If you wish to make a claim against a company, corporate body or individual, in most cases a lawyer will be required, and bank claims are no exception. Any case that is handled by Rapido Claims requires certain legal processes to take place to ensure that it is managed to the letter of the law, and also so that the banks are aware that we are prepared to take claims all the way to their conclusion. Why do we need power of attorney? We have an in-house legal team headed up by Rocio Castillo who has been dealing with a multitude of bank claims of all types and sizes. If we have power of attorney we can represent [...]

By |2017-05-24T14:41:41+00:00May 19th, 2017|Rulings and Law|Comments Off on Power of Attorney Explained

Submitted a claim on your own? – The reality and facts

The Law On January 21st 2017 the Spanish government issued a Royal Decree due to the European Court of Justice (ECJ) Ruling on the 21st December 2016, relating to Clausula Suelo (Floor Clause) Claims on Spanish mortgages. The Royal Decree was approved to aid the banks reach out of court settlements on these claims and prevent hundreds of thousands of cases reaching the already overloaded courts in Spain. The Process - Extra Judicial Based on this decree, the banks were given 3 months to calculate and make an offer on any claim submitted via this extra judicial process. The banks were also asked to set up specific departments to deal with the claims, and as a result were given a 30-day grace period from the 21st January. So, any extra judicial claim submitted prior to this date will start from the 21st February. The Reality Unfortunately, the [...]

By |2017-05-16T12:38:16+00:00May 11th, 2017|Rulings and Law|Comments Off on Submitted a claim on your own? – The reality and facts