• Make a Donation
  • Ask For Advice

Investors, Were you Mis-sold a Bank Investment Product?

The Spanish Supreme Court has obliged a bank to refund the sum of 279,000 euros to a client who was sold bonds in a Lehman Brothers product without telling the investor of the risks associated with the investment. The judge also overturns the judgment because the client did not know where his money would be invested. A client who invests in a financial product sold by the Bank should know where his/her money is invested. In this case the client did not know.

This judgement was made on 7 of July 2015. Banks who do not advise their clients of the risks associated with these product will result in the contract being declared null and void and the banks having to return the funds to their clients.

This serious decision by the Supreme Court overturns the ruling of the Provincial Court of Madrid, where the bank was allowed to appeal and dismissed the bank’s customer demands suggesting that four years had passed since the contract was signed on September 2005, and the filing of the lawsuit, in March 2012.

The Supreme Court annulled this judgment and dismissed the decision made by the Court of First Instance, stressing that the period of four years was not completed as had commenced from the date of the bankruptcy of Lehman Brothers. It was only then that the claimant knew the circumstances.

This will open up the possibilities for the thousands of investors who have found themselves in the same situation and have lost in many cases, their life savings.

For further information please contact CAB Spain support lawyer:


Please note: The information provided is based upon our understanding of current legislation. It is not legal advice but is provided freely to enable you to be properly informed. We recommend that if you are considering taking action, you should seek professional advice.

How Can Citizens Advice Bureau Spain Benefit You?

As an expatriate living in Spain; do you find that the Spanish bureaucratic system can be disconcerting? Have you discovered that the simplest of transactions are difficult to conclude? Find yourself searching for answers to problems only to discover that there is nowhere where you could find a solution? I am assuming that the answer is yes and that is why should be a member of our web site if you arent already.
citizens advice spain


We use our own and third-party cookies to prepare statistical information through the analysis of your browsing, in accordance with our cookies policy. If you continue browsing, you accept its use.
view CAB cookie policy

Utilizamos cookies propias y de terceros para elaborar información estadística y mostrarte publicidad personalizada a través del análisis de tu navegación, conforme nuestra política de cookies. Si continúas navegando, aceptas su uso.
ver política de cookies de CAB

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.