Spanish Supreme Court declares valid a deed of sale & purchase of a Spanish property made at a German notary

Spanish Supreme Court declares valid a deed of sale & purchase of a Spanish property made at a German notary

There is no bad debtor if not verified, says the Spanish Supreme CourtLast 19th of June, 2012, the Spanish Supreme Court has dictated a ruling by means of which the Spanish Property Registry shall be forced to admit any deed of sale & purchase made at a Notary legally established in any E.U country. The reasons now argued for such a fundamental decision are that the until now existing refusal to recognize these documents when they are signed out of Spain in front of other countries notaries questioned the principle of freedom for provision of services within the scope of the European Union (articles 56 to 60 of the Treaty) and would make the intervention of a Spanish notary a necessary condition. Therefore the imposition of a limitation on the freedom of transfer of property, in its fullness of effects, is not justified in the current state of the E.U. and Spanish systems.

See ruling (Spanish)

Published on: Sep 12, 2012 @ 13:56

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