Article 1 of Spanish Law 57/1968 regarding the receipt of advanced payments towards the construction and sale of residential property in Spain, clearly establishes the legal responsibility assumed by financial institutions in whose accounts the advance payments are lodged, where the said financial institutions failed to insist on an insurance guarantee or a deposit by the developer.
So, if you have made a deposit payment towards an off-plan property in Spain that was never completed, you may be able to make a claim against the bank that received the deposit monies from the Constructor, when the bank failed to insist on insurance for those monies.
Our English-speaking lawyers and associated professionals can assist you with your claim against a bank in Spain.