After the first week of the Spanish courts re-opening, M1 Legal are happy to report 2 substantial victories against Silverpoint held in the First Court of Instance Los Cristianos,Tenerife.
The main reason both cases went in favour of M1 legal was lack of accommodation information such as when it could be used, where and what it consisted of.
Furthermore, one of the contracts was in perpetuity which means it did not have an end date.
The judge ordered both contracts to be deemed null and void and ordered Silverpoint to pay clients £23,657 and £48,264
Furthermore we are happy to report 2 further jurisdiction victories against Club la Costa (CLC). Club la Costa argued that both these cases should not be heard in Spain however, this was overruled and now both cases will proceed to be heard in the Spanish courts.
Both cases had a contractual name of Club la Costa (UK) Sucursal en España.
A great start to September.
Congratulations to M1 Legal and their clients!
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.”