Britons Daniel Rushton and Matthew Daly have been arrested in connection with an armed robbery at a supermarket in Puerto Banus, Sp...
Thursday, 18 February 2010
Tuesday, 16 February 2010
Protecting the Rock’s reputation from any fallout as a result of the Marrache case.?
Gibraltar said yesterday that it would work with the Financial Services Commission [FSC] to protect the Rock’s reputation from any fallout as a result of the Marrache case.The statement came amid concerns that an ongoing criminal investigation into the affairs of prominent local law firm Marrache & Co could impact on the Rock’s financial sector.The association said it would encourage members to take on Marrache clients swiftly and at minimum...
Two schools, in Manilva and Marbella, had to be evacuated after becoming flooded
Two schools, in Manilva and Marbella, had to be evacuated after becoming flooded, and in Manilva the A7 was closed for a time as underpasses to gain access to Sabinillas and Puerto de la Duquesa were underwater.There were several landslides affecting roads in the Manilva area.In Marbella the El Ángel college was flooded and evacuated and a wall collapsed close to the Barceló hotel in San Pedro Alcántara. More than 50 litres per square metre was recorded in Marbella and as much as 80 in some areas.In Estepona the marina was flooded and several local rivers and streams burst their banks leading to flooding of homes and businesses, with the Urbanization...
Friday, 12 February 2010
Benjamin and Solomon Marrache, appeared before the Magistrates Court yesterday charged with false accounting in respect of E1.8m of client money.
Two senior executives at a prominent Gibraltar law firm, brothers Benjamin and Solomon Marrache, appeared before the Magistrates Court yesterday charged with false accounting in respect of E1.8m of client money.The two men were arrested on Tuesday and spent the night in police cells before being ferried to court in a police van.The two Marrache brothers were ushered by police through a side entrance to Central Police station just before 10am and appeared before the magistrate in a crowded courthouse a short while later.Attorney General Ricky Rhoda, appearing for the Crown, urged the magistrate to impose stringent bail conditions for fear that...
Thursday, 4 February 2010
Killing the Golden Goose More demolition orders have been issued in Albox
More demolition orders have been issued in Albox despite confusing statements by the Town Hall and the Mayor, Sr. José GarcíaIn an interview published on the English language Arboleasnow website , Sr. Garcia is reported to have denied the rumour that nine houses are affected, saying that only eight demolition orders have been issued "by the courts".This statement belies the fact that on the 15th December another of our members was issued with an order not by the courts, but by Albox Town Council itself!And on January 20th, the Official Bulletin board carried an instruction to demolish a building on a plot of land near Alcantarilla, Albox. However,...
Helen and Len Prior have been ordered to be given a temporary home by a judge’s order.
British Couple Helen and Len Prior have been ordered to be given a temporary home by a judge’s order.Lawyers acting for the couple are claiming compensation from the local council for the loss of their home and also applied for ‘provisional measures’ to house them in a similar property to the one they lost, and it is these measures which the judge has ordered be met. The local council now has to find them a similar property or pay the rent on another one while the case is completed.AUAN, Abusos Urbanisticos Almanzora No, the protest group acting against the demolition of property in the area, reports that Helen and Len have found a suitable property,...
Spanish real estate developer Habitat filed for protection from creditors which hold 2.3 billion Euros in debt.
The main creditors of the developer are La Caixa, Caja Madrid, Banco Santander, BBVA and Banco Popular, a total of 38 entities. This is not the first real estate company to go into administration. The total debt of real estate companies in administration is over 10,500 million Euros.The president of Habitat, however appears rather optimistic as he announced that “the company will face all their obligations and has enough active capital to confront its deb...
court has registered a condition of ‘bankruptcy’ for Polaris World Sports Centre, Polaris Development, Polaris World Development, Polaris World Indus
Polaris World returned to court with their creditors with the debt now owed to the Bank of Valencia by the Murcian constructor estimated to be around 62-million euros and around 100-million euros owed overall. According to the economic newspaper Cinco Días, the principle creditors are Caja Mediterráneo, Bancaja Group y Banco Popular.Polaris World accepted that 15 of its companies, are in a ’state of insolvencia’ and thus the group is seeking to initiate a period of negotiation with their creditors before entering suspension of payments. The insolvency affects four of the urbanizations, two hotels and El Oasis de Alhama commercial centre among...
