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The Spanish Lawyer Online

Spanish Equity Release Fiasco

Exposing Danske Bank, Rothschild, Nykredit, Sydbank and Others
Home > Uncategorized > Danske’s Frontispiece Shows Drama

Danske’s Frontispiece Shows Drama

August 3rd, 2011

The frontispiece of Danske Bank’s vividly shows the state in which my client has been left after having a few drinks, and signing a couple of contracts, with Denmark’s biggest financial entity: “en pelotas“, as they say in Spain (stark naked or high and dry, whichever way you want to interpret the photo).

 

 

The article, by Sean O’Hare,  is superbly written and sticks to the points of argument: that Danske offered a product to British expats with a view to make money out of it, on the pretext that IHT would be mitigated and pocket-money would be received by the client, for the investment would yield enough to settle the interest and leave a surplus. As far as inheritance tax was concerned, no such luck could have struck the beneficiaries, for they would have been breaking the laws, and as regards to the pocket money, unfortunately he no longer has trousers to bear pockets to garner any cash, like the Greek Adonis of the frontispiece…

About Antonio Flores

Antonio Flores is the head lawyer at Lawbird, a Spanish law firm specialised in property and litigation. More on .

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