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Judgment awarded cooperative Mirador del Mediterráneo (05/10/2014)

The 77 cooperatives Mirador del Mediterráneo Asefa suing the insurer to recover the money invested in the cooperative are good news because the Court of first Instance No. 5 of Cartagena has ruled that the insurer must pay all the money that the cooperative provided, over 1 and a half million euros, with interest.

These cooperatives provided an average of $ 22,000, beginning in 2007 until in 2012 the impossibility of building their homes and the cooperative was went into liquidation without the possibility of returning money to the cooperative, who saw the savings over a lifetime and much effort had succeeded, were lost until the end of 2012, joining a group of concerned, demand was filed against the insurance, legal counsel whose demand has led Ms. Almudena Cascales Campuzano, ACC Legal Lawyers in Murcia, and D. Gargallo Jaime Suarez, of Majavilán Attorneys in Madrid.

This process has had a happy ending, as the Court has ruled in favor of the plaintiffs cooperative, Asefa condemning the insurer to reimburse the amounts paid with interest, in line with many judgments of Provincial Courts and Supreme Court.

The peculiarity of this case was that the Asefa insurer refused to issue individual certificates of insurance and violation of the rights of the cooperative, trying to avoid the insurance coverage, and therefore, refusing to return the money, which the Court of 1st Instance No. 5 of Cartagena has been rejected because it has proved the existence and validity of the insurance.

Good news for Cartagena, cooperative Mirador Mediterranean and Justice.

Source: ACC LEGAL ABOGADOS

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