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 MoreSILVERPOINT. Court of Appeals nº 3 a new ruling against them.
There is little more we can say about the rulings against Silverpoint. Once again, a Court declares their contracts null and void with a return of the proportional part of the unused years. Silverpoint is in bankruptcy proceedings and I hope to be able to report on its progress in the next few days with an explanatory post.
Dave Taylor Resort Properties / Silverpoint scam fraud. The video.
This is a video that circulates on the Internet and that clearly shows the handling and manipulation that has been practicing Silverpoint, and its group of companies, during all these years.
Read MoreSilverpoint. Second Supreme Court ruling, nº 19/2017
STS no. 19 of 17-01-2017. Appeal no. 3064-2014, on Perpetuity, Trade Ins, Trans amount and maintenance quotas.
Sentence nº 19/2017 has been Supreme Court's second sentence and has very little to do with the previous one, number 16/17, since it doesn't deal with Club Paradiso or address to the issue of whether buyers are investors or consumers. This ruling examines a Hollywood Mirage Club contract and the main issues are: perpetuity, amounts brought from other contracts (Trade In), amounts brought from previous contracts (Trans amounts) and maintenance fees.
Read MoreSilverpoint and the recent Supreme Court rulings, nº 16/2017
STS no. 16 of 16-01-2017. Appeal no. 2718-2014, on Club Paradiso and investment schemes.
The first judgment of the Supreme Court has proved to be a real surprise for many, although expected by others (among which I include myself). There have been many proceedings before the Courts of First Instance and the Provincial Court of Santa Cruz de Tenerife (now onwards, Court of Appeal or just CoA) against the group of companies headed by
Read MoreBreaking news! The Supreme Court has declared a Club Paradiso contract null and void
Yes, the Supreme Court has declared that the Vacation Club known as Club Paradiso was not really a club of that kind and that was really timeshare, consequently and not complying with Law 42/98 had to declare the contract null and void. More news once I manage to read the full decision.
Here is the news (in Spanish):
More info in this web here