Judicial response for the credit transfer to funds vulture in the judicial execution

Abstract

This paper attempts to highlight the legal challenges emanating from massive sale of credits difficult to collect by banks in favor of so-called «vulture funds», and its consequences on succession proceedings in judicial executions for determine whether oppose EU rules, a rule of domestic law such as article 1535 of the Spanish Civil Code, which allow the transfer to a third party of a litigious credit that is part of an entrepreneur, on the one hand and consumers on the other, without a certified notice to said consumer fact it is required the transfer, title or reason, and without it being necessary that stated, documented accredited (and in any case), the true price for which the credit was purchased.