Aifos action

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This topic contains 4 replies, has 4 voices, and was last updated by Profile photo of Anonymous Anonymous 7 years, 6 months ago.

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  • #54944
    Profile photo of Anonymous
    Anonymous
    Participant

    Hi first post. I am taking aifos to court for breach of contract been in the process over a year. But it seems to keep costing more and more money. I have already paid 13k of which 5k is for a guaranttee for the embargo. I know if aifos goes under before my court ruling (november 09) that my embargo is useless. So just wondering if there is any good stories of people happy with the result in court or should i give up now. And how long do the judges take to make a ruling i am told 1 month but have heard much longer

  • #92019
    Profile photo of Anonymous
    Anonymous
    Participant

    Aren’t Aifos in Liquidation/Protection from the creditors ?

  • #92113
    Profile photo of Anonymous
    Anonymous
    Participant

    shakeel

    I don’t think so. Aifos are building again in the north I hear, with money borrowed from two banks. There have been a couple of recents attempts to send them under, but somehow they survived?

  • #92114
    Profile photo of Anonymous
    Anonymous
    Participant

    Stevet

    a ruling should take 3-4 weeks, but can take 3-4 months!

    good luck and hope all goes well.

  • #92249
    Profile photo of Anonymous
    Anonymous
    Participant

    Hi Steve, We had our second hearing on 4th October 2008 and the judge passed sentence 0n 24th October 2008. Unfortunately getting that sentence will not be the end of your battle – Aifos can and most likely will appeal which means you are again put into the hands of the Spanish Legal system and will have to wait for an appeal hearing date (it took 6 months for us). Then assuming the judgement does not change you will have to force Aifos to pay the settlement which is the stage we are at. I have been advised that even though we have won our case if Aifos go bankrupt we are not guaranteed to get our money back. Even the embargo will not secure our money! I have been advised by my lawyer that we still have a long battle on our hands.

    So, i’m afraid I don’t really have anything positive to offer you but if you’re anything like me I’d rather have an idea of what lies in store. So if anyone is further ahead than I am I’d be interested to know how long you’ve been waiting. Good luck to all who are battling with Aifos!

    Justin

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