Well, it could be, like the letter transcribed below, where they mention changes that must be made to comply with the "Vacation Membership Law in Spain" (interesting name) which they call later the Timeshare Law in Spain. They forget to mention that these changes are now necessary because of their mistakes
Read MoreSILVERPOINT. Bankruptcy Administrator's Report. February 2021.
This is a Google translation (therefore, please excuse any translation mistake) of the report that the Bankruptcy Administrator presented this month. It is not that it is very encouraging. He is trying to locate assets or rights of economic content to reintegrate them into the Silverpoint heritage and thus be able to pay something of the much that has been left outstanding.
Read MoreMARRIOTT. Some thoughts and facts from the TCA
Here it is an interesting article posted by the Timeshare Consumer Association on their website that I reproduce below to find it of interest as it provides some interesting facts about Marriott and their global timeshare business, the Marriott Vacation Club,
Read MoreBREAKING NEWS: CLUB LA COSTA bankrupt, goes into liquidation.
It appears that Brexit and COVID have caused, in part, that the timeshare giant Club La Costa (UK) PLC Sucursal en España goes into bankruptcy, with more than 500 employees and eight of its companies affected.
Read MoreInteresting article on Supreme Court ruling No. 74/2015 of 15 January on perpetual clauses against Anfi's contracts.
I have recently come across this article, written by professor Joaquín J. Forner that published in the International Company and Commercial Law Review, 2015 [Sent September 2015]. For its undoubted interest I reproduce it below:
"Nullity of Contracts. Timesharing. Inter Temporal Law. Norwegian Claimant. Spanish Supreme Court, Civil Division. Judgement of 15 January 2015 (74/2014) (XV. ANFI SALES, SL) by Joaquin-J Forner.
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