In this edition of our newsletter, we update you with our latest news and stories PLUS our legal associates M1 legal being included in a recent article in The Times!
David Brown from The Times published a great article on Thursday February 21st 2019 in relation to famous footballers Ryan Giggs and Gary Neville commenting on their connection to a Maltese timeshare resort which is in the spotlight for mis-selling timeshares and related loan agreements brokered by unregulated introducers. Our legal associates M1 Legal were also mentioned being the lawyers that instigated the investigation on behalf of many Azure clients that they represent.
You can preview or read the full article if you are a subscriber to the Times by clicking the link: https://m1legal.news/thetimes
Below is a copy of the page as printed in The Times.
This story has received huge interest and as previously commented by one of our lawyers Adriana Stoyanova: “this could be the next financial scandal.”
Following on from the recent exposure in The Times, M1 Legal continue their battle against the timeshare resorts – below are some of their recent victories.
2019 started off well there being 11 victories during January and February totalling £157,328.
After an initial court decision that the case did not fall under Spanish jurisdiction, M1 legal appealed the decision which was reversed by the Malaga Court of Appeal. The defence argued that the case should not be heard in Spain claiming that the contract fell under English law. The appeal judge ruled that the Club la Costa (UK) PLC Sucursal en España is a Spanish entity and the case should be in Spain. This means that this case will now be re-submitted to the court of first instance.
A similar case has been heard against Diamond Resorts, the contractual name being Diamond Resorts Europe Limited – Sucursal en España. Again the appeal judge ruled that this case is valid in Spain and can now be re-submitted through the Spanish courts.
M1 Legal’s clients had two contracts, Cala Pi Maintenance S.L. and Noarre S.L. The case was initiated by their resort Cala Pi processing a claim against the client for unpaid maintenance fees totalling over €12,000.
M1 legal stepped in on the grounds that the company pursuing the case was simply just the maintenance fee company i.e. Cala Pi Maintenance S.L. M1 also submitted a claim against the contractual party Noarre S.L.
Mr & Mrs Gough commented on their case:
“Cala Pi started a claim against us for unpaid maintenance fees, it ended up around 12,000 euros. It took some time but we expected that being a court case in Spain. M1 legal were totally behind us in defending us against one of these money grabbing timeshare companies. M1 went to court on behalf of us and our 2 contracts were quashed. We always pay our bills so having a company demand a substantial amount from us was extremely stressful. We cannot thank M1 Legal enough that this is now over and we can move on with our lives without this hanging over us. Mr & Mrs Gough from Derby.”
Along with Sky TV, We are pleased to confirm that we have started our UK radio national campaign on household brands Smooth and Gold. We have initially signed up for three months and our advert will be heard over six thousand times, 5507 on Smooth and 926 on Gold with over 2.5 million listeners. You can listen to our ad by visiting our website www.ecc-eu.com or click the radio image above.
With all this exposure and publicity, there can be no better time to start your claim, Real people, Real results, Real rewards.
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.
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.
Recent comments from RCI Timeshare owners who have come to us for help with contract cancellation:
“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.”
“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.”