NovaCaixaGalicia's solution to solve the problem of preferred companies: ar...
More than 3,000 affected people have already taken advantage of this system NovaCaixaGalicia is offering the possibility of arbitration to those affected by the preferred shares sold by the entity. In less than a month more than three thousand people have taken advantage of this process "because it is a quick and free way" to return lost money.Galician entity hit by the preferential scandal, NovaCaixaGalicia, offers two avenues for a solution to those affected: judicial means and arbitration. The arbitration system, promoted by the Galician Xunta - which is why, for now, it only exists in Galicia - has only been in place for a month as a way to claim money lost by clients in the purchase of preferred shares. This is how arbitration is carried out As El Confidencial Digital has learned , the process “is very similar to the judicial one” since it has mandatory compliance. This route consists of mediation between the affected parties to reach a legal agreement that provides solutions to both.
The process has the following steps: - The affected client must go to the Galician Consumer Institute to file a claim against the bank, providing the necessary documentation. - The Galician Consumer Institute informs the entity of the claim raised while waiting for it to accept the arbitration process with the relevant conditions. As ECD has Middle East Mobile Number List learned , NovaCaixaGalicia is turning to an independent institution to advise it to accept the processing of the claim raised. The institution analyzes each case and “issues a verdict that we take into account, although it is not binding.” - The client must ratify his decision by accepting the conditions set by the Galician entity. Once accepted, judicial proceedings are ruled out since the award issued by the arbitrator has the same value as a legal ruling.
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The first national wheelchair soccer league starts today in Cantabria - The Galician Consumer Institute is responsible for assigning an arbitrator to each case from among a large team of experts with judicial training and experience. The arbitrator will issue his award in favor of one of the parties. Restitution of conditions In the event that it was the client who ended up winning the process, a restoration of conditions would be carried out. To do this, the banking entity analyzes the interest that the client had to pay more for the contracted product compared to the product they should have obtained. The income generated by said product is also calculated. With this, the entity obtains a differential in the results in order to return the corresponding amount of money to the affected party. Claimed by the ombudsman This process has been requested from the Ministry of Economy by the ombudsman, Soledad Becerril, to be carried out throughout the national territory.
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