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Articles posted by Guadalupe Sánchez

Articles posted by Guadalupe Sánchez

Guadalupe Sánchez has also publishes articles in opinion newspapers. Links to access to these articles are provided below

ILN

Legal 500

Terms of Business

These Terms of Business apply to all assignments unless otherwise is agreed in writing.

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Client Accounts - Banks

Coverage according to the Deposit Guarantee Guidelines (Client Bank Accounts).

Law on depositors' liability in connection with bankruptcy of banks means that the same rules apply to the money that you / your company has at the bank through an attorneys client bank account, which applies to the money you put in the bank. If a bank is undergoing reconciliation or bankruptcy, the depositors (customers) may lose the money excessing 100,000 deposited by the depositors in the bank.

Until 1 June 2015, there were full deposits from the Deposit Guarantee Fund for any deposits made to a client bank account, regardless of the size of the amount. Now the same limitation applies to regular bank accounts and client bank accounts, which means that potentially - if your bank becomes distressed - you will the amount that exceeds 100,000 euros. If you / your company both have money on your own accounts and at the attorneys client bank account in the same bank, you can only get a total of 100,000 through the guarantee scheme. However, the coverage ceiling is greater in the case of housing transactions where the guarantee covers up to 10 million euros.

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