Press Release (ePRNews.com) - MILTON KEYNES, England - Apr 27, 2016 - • CREATED JURISPRUDENCE & LAW REFORM. He formed the FINCA PARCS ACTION GROUP in 2008 and initiated a legal action that created jurisprudence in the Supreme Court and led to the modification of the law governing the matter.
Erin Brockovich in Spain
Keith Rule now works helping hundreds of people who, like him, invested in Spanish off-plan property during the last real estate financial boom and saw failed promotions lead to the liquidation of property developers to whom they had paid their life savings.
In 2008, when he faced his own problem, it was clear to him that he had to take legal action against the developer’s bank that had accepted his off-plan deposit money and not just against the developer.
“In 2008 I remember initially saying to him that if you do not have a Bank Guarantee then you could not take legal action against the Bank,” says Maria de Castro, director of the Costaluz Lawyers team.
Keith insisted and raised an impressive amount of evidence obtained with a degree of thoroughness worthy of the best law firms.
“Oh yes, we met Keith Rule personally in a hotel in Tamworth in 2010 where we were staying for some days working with another group of clients in a different case. He arrived at the hotel with his family sized suitcase filled to the top with files. We were listening for hours. At least we had plenty of coffee!!” explain the Costaluz Lawyers team members with whom Keith now works.
The evidence and arguments demonstrated by Keith Rule in his 600 page dossier of evidence back in March 2010 won the hearts and minds of our legal team as it covered all angles and lit the spark for the fight against the banks that has culminated with the Supreme Court Sentence we recently won for another client.
He had interest and passion for serious study to find the legal arguments and jurisprudence for the matter that he saw clearly.
Since then, in all his visits to Algeciras, where our offices are located, Keith is accompanied by the same large suitcase, now full of other client’s documents. As a joke, his colleagues usually say, “Keith and his suitcase,” “The Terror of the banks”, “English Iron Man”….
Change in Law and Jurisprudence
The jurisprudence that existed when Keith began his own fight back in 2008 was very low and certainly there was nothing from the Supreme Court.
Since we won Keith’s Finca Parcs Action Group case in the summer of 2012, more and more Sentences from the Provincial Appeal Courts have emerged relating to the responsibilities of banks receiving money from purchasers of off-plan properties. In December 2015 the initial arguments we first discussed and wrote about with Keith some 5 or 6 years ago were defined as jurisprudential doctrine by the Supreme Court.
On 9 March 2016, LEY 57/1968 jurisprudence became definitive following a 2nd Supreme Court ruling and several days later our own team of Costaluz Lawyers, De Castro & Keith Rule won a judgment the Supreme Court which applied this doctrine for the first time.
Along with the creation of this well orientated and consumer protective jurisprudence for off-plan property buyers, our work over the past 8 years has also led to the reform of the law itself, LEY 57/68, for clarity and protection of the consumer.
Spain: now the safest country in the world for buying and selling off-plan properties.
Keith’s colleagues believe that all the cases being won against Banks involve, “balance and security for the off-plan property market in Spain, good role of the Spanish Courts and portray the positive image of the Spanish legal and judicial system to international eyes”. All these are effects of the legal action that we now call the ‘Keith Rule Action’.
Before gaining a legal victory against CAM Bank for his 47 strong Finca Parcs Action Group in 2012, Keith had spent many years campaigning for off-plan buyers rights according the Spanish Law, LEY 57/1968. His efforts began in 2008 with protests against CAM Bank which resulted in a 100 page complaint file being submitted to the bank’s head office in 2009.
In 2010 he launched the Finca Parcs Action Group website (www.fincaparcsactiongroup.com) and a Petition to the Spanish Government and Bank of Spain by way of his website Bank Guarantees in Spain (www.bankguaranteesinspain.com). Keith also sent written complaints to the Valencian Savings Ombudsman and to the Bank of Spain.
In February 2011, Keith together with Jaime de Castro from the Costaluz Lawyers/DeCastro legal team completed the Finca Parcs Action Group Lawsuit and submitted it to the Court. Later that year Keith was invited as part of a small delegation to meet with David Lidington MP (Minister for Europe) at the Foreign and Commonwealth Office in London to discuss the Finca Parcs issue and the wider Bank Guarantees situation for off-plan property buyers in Spain.
Meetings and protests at the Spanish Embassy in London also took place, including a meeting with the then Spanish Housing Minister, Beatriz Corredor.
Costaluz Lawyers & Keith’s Finca Parcs Action Group won their case in the First Instance Court in 2012 and the Bank lost its Appeal in 2013. The Finca Parcs Sentence then became Case Law for other similar cases.
Over the years there has been much media interest in Keith’s work including numerous articles in the British & Spanish media, TV interviews & BBC Radio Interviews.
But the fight goes on………… Currently, Costaluz Lawyers, the Law Firm for whom Keith has worked since 2013 is still acting for many buyers who, like him, paid off-plan deposits to developer’s bank accounts without receiving the corresponding guarantees. There are many cases still in court and the Law Firm are continuing to gain new clients. All this underlines the impact Keith’s work has contributed to the Spanish legal system. Source :