Jaime Navarro secures €1.5m victory against Santander

Jaime Navarro law firm has successfully defended a Banco Santander´s customer, recovering his investment of €1.5 million in Valores Santander

A Court from Santander has ruled against Banco Santander, ordering compensation for the loss suffered by Valores Santander (Santander securities) to a Valencian private investor, who in 2007 invested €1.5 million in this product.

According to the law firm, Banco Santander must compensate the customer with €466,443 plus legal interest from 2012 to the present with a total of more than €0.6 million, which is the amount considered by the Cantabrian judge as the loss suffered by this investment.

The Valencian businessman will also keep the shares of Banco Santander into which the Valores Santander were transformed, which are currently valued at €291,000. This adds to the profitability that the product has provided since 2007 to date, €607,000. The customer will be finally compensated for the million and a half he originally invested since the sum of all these amounts, exceeds the €1.5 million initially invested in the securities.

Jaime Navarro (pictured) owns a Valencia-based law firm specialised in Banking and Finance, with a long track record in claims regarding the nullity of Valores Santander.

Jaime Navarro secures €1.5m victory against Santander

Desire Vidal

iberianlawyer.com

Iberian Lawyer, is a monthly digital magazine, published by LC Publishing, available in Spanish and English. It represents the main source of information in the legal business sector in Spain and Portugal. The digital magazine – and its portal – address to the protagonists of law firms and in-house lawyers. The magazine is available for free on the website and on Google Play and App Store.

In every issue of the magazine, you will find rankings of lawyers, special report on trends, interviews, information about deals and their advisors.

For further information, please visit the Group’s website www.lcpublishinggroup.com

Iberian Lawyer
Registered office: C/ Manuel Silvela, 8 - Oficinas 1 Dcha 28010 Madrid España

Copyright 2022 © All rights Reserved. Design by Origami Creative Studio

SHARE

Share on linkedin
Share on twitter
Share on facebook
Share on whatsapp
Share on email
Share on telegram