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Our Story - New Year 2019

Our Story - New Year 2019

Welcome to ECC’s New year's Newsletter

In this edition of our newsletter, we update you with our latest news and stories along with a 2018 round-up.

We hope you find this newsletter interesting and should you have any queries relating to any of our stories featured, please contact us here.

Timeshare Mis-Selling - The Next Financial Scandal!

Our legal associates Malaga based law firm Maxima 1 Legal S.L. (M1 Legal) can now confirm they are regulated by the Claims Management Regulator in respect of regulated claims.

This means that they can now take legal action on behalf of consumers against financial institutions such as banks and credit card companies for misrepresentation and unregulated lending which can potentially win huge compensation payouts for their clients.

This will be another side to their business which will be given a strong focus over the coming months under the branding of Bank Reclaims.

M1 legal lawyer Adriana Stoyanova commented; “When the UK Financial Conduct Authority (FCA) took over responsibility for regulating consumer credit from the Office of Fair Trading (OFT) on 1st April 2014, it promised tougher measures aiming to protect consumers and restore public confidence in the sector.

“It seems, however, that before that date and during the transition period some companies involved in the sector still did not comply with the legal requirements imposed under the applicable legislation.”

“An example which recently disclosed such infringements is the case of the timeshare resort Azure Island Residence Club, located in Malta, which sold timeshare products to many British citizens, financed by Barclays Partner Finance,” she added.

“It appeared that during the period 1st April 2014 – 24th April 2016 British consumers signed 1,444 loan agreements which financed their timeshare purchases through the credit intermediary Azure Services Limited, which was not authorised by the FCA to carry out a regulated activity, i.e. credit brokering.”

“The FCA issued a validation order; however, we appealed the validation order, on behalf of 25 affected people, in front of the Upper Tribunal. The judge found that there was evidence of potential consumer detriment – a relevant factor to be taken into account in deciding whether it is just and equitable to make a validation order (which was a precedent).

“In this particular case, the evidence of potential detriment was considered being that the consumers were misrepresented about the duration and the loan conditions. For that reason, the Upper Tribunal decided to remit the matter back to the FCA to reconsider its decision, with a direction to take into account Consumer Detriment, without placing any further limitation on the scope of what the FCA should consider.”

Here is the link to the decision of the Upper Tribunal:

In their representations, BPF stated that the total amount payable under the relevant 1,444 loans is around £47million.

“Considering the fact that this is a small timeshare resort in Malta, we could imagine what the amount would be for some of the European timeshare resorts, which have thousands of members. This could be the next financial scandal!” said Adriana Stoyanova.

The above article has also been posted on 78 online press release publications including Agility Media & Accesswire who have distribution partners such as Nasdaq, London Stock Exchange and Yahoo Finance – you can review the article by clicking this link

An audit was also carried out on all M1 legal files. It revealed that 52% of the files which had loan agreements were arranged by unregulated finance brokers with loan amounts totaling to just under £6 million. M1 Legal will shortly be contacting all clients that fit this criteria to advise them of potential further claims against the relevant lenders. They are also conducting a further audit on the files held by their associate UK lawyers Messrs. Pinder Reaux.

2018 Round Up

In 2018, M1 Legal secured what is believed to be the biggest timeshare victory ever recorded in the Spanish courts. Mr and Mrs Sewell-Rutter from Southampton were awarded €365,000 against La Pinta Beach Club in Tenerife. The Sewell-Rutters commented: “M1 Legal made this possible due to the continuous dedication and commitment supporting this case.”

M1 Legal finished 2018 with 46 victories in the Spanish courts totaling a massive £1.1million in awards to clients.

December resulted in six more victories.

  • Anfi – winning three cases total awarded £55,884
  • Silverpoint – winning two cases total awarded £41,961
  • Airtours – total awarded £15,122

“These final victories for 2018 are a great way to finish the year. This, I’m sure, will continue as we strive for further successes in 2019”, said spokesperson Sharon Johnson. “We would urge any time-share owners who believe they have been mis-sold to call us so we can get the ball rolling and see if they are due payouts.”

New Year! New Results!

M1 Legal currently have 470 cases in the courts and 245 are being prepared for submission. In addition, cases won on appeals are now being fast-tracked through the lower courts.

Stop Press:

Our legal associates M1 Legal start the New Year on a positive note having won four awards against Club la Costa, Anfi Resorts, Leisure Dimensions and Marriotts Vacation Club totalling £89,300. In addition, two wins against Club La Costa on jurisdiction.

In the media

We are on Sky News

M1 Legal in the papers

Our Network of Offices Across the UK


Our head office in Mijas Costa, Spain

Speak to ECC – the company setting a precedent and getting results!

Share your story with us today

For more information you can call our advice line free on 0203 7699 164 or email

About Timeshare Release

During the Timeshare sales boom of the 80s & 90s, potential buyers were lured in by the promise of affordable exotic holidays, flexible exchange programmes and the impression that Timeshare would be a valuable "investment".

In an industry with little or no regulation, high pressure sales tactics were rife and contract smallprint was often glossed over and explained away by sharp salespeople.

Many Timeshare buyers were therefore unaware that they were actually making significant, long term financial commitments on behalf of themselves and their families.

To find out how you can escape the Timeshare Trap please complete the short Timeshare Release Wizard now.

The Timeshare Trap

The timeshare trap

For many Timeshare owners, annual maintenance fees were barely considered token amounts in the early "honeymoon period" of ownership.

However, year-on-year increases imposed by the resorts over time now mean that the maintenance fees have risen to become substantial sums.

Owners are also facing the prospect of ongoing yearly fee increases and realising that they (and their families) are often committed to long term contracts for generations to come.

Please try our Future Fees Calculator to estimate your liabilities over the term of your Timeshare contract, based on an annual increase of 7.5%.

If you're concerned about rising fees and how to escape the Timeshare Trap, please contact us today.

Timeshare Owner Reports

Timeshare owner reports

Recent comments from RCI Timeshare owners who have come to us for help with contract cancellation:

Mr Steve R, Middlesex - RCI/Hollywood Mirage

“We 'swapped ‘another place in Tenerife for this in order to move to the points system. Since then, getting exchanges to desirable resorts proves almost impossible, irrespective of in-season or off-season.”

Mrs Rachael B, Yorkshire - RCI Europe

“I purchased my timeshare in 1999 and have been a timeshare member ever since. More often than not, I have not be able to go where I wanted and have ended up giving a few weeks to Friends, etc to book somewhere they wanted in order not to lose the weeks. I have then stayed in a hotel!! I am desperately trying to get rid of the timeshare and am now paying Timeshare Shop in Manchester to get rid of it for me.”