Judgment estimating claim for subordinated obligations
The judgment of Madrid Court of First Instance No. 37 of February 24, 2015 upheld a claim against Banco CEISS (formerly Caja Duero) for investment in subordinated obligations. The ruling declares the investment null and void due to faulty information to the plaintiffs and acknowledges the conflict of interest incurred by the financial institution when advising on obligations issued by itself. The Court also rejects the expiration exception raised by the defendant on the grounds that the computation of the term to sue begins from the time the repayment of the invested capital was denied.