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Floor Clause Eliminated

Floor Clause Eliminated

New case won by solicitors in Alicante eliminating the floor clause with full retroactivity
Once again a victory against the floor clauses via solicitors. In this case the sentence has been achieved in Alicante where Ibercaja has been sentenced to refund all the interests that was unduly charged to a client for a mortgage on the grounds of a floor clause, according to a sentence which can still be appealed. The judgement contradicts the Supreme Court’s orders that limit the retroactivity of the refund from May 13th in order to avoid undermining the socioeconomic order.

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