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 MoreANFI asks members to change contracts. Don't do it!
Anfi is getting in touch with its members, especially with those who have floating contracts and / or in the Anfi Beach, Monte Anfi or Puerto Anfi clubs -which were Clubs initially in perpetuity- to change their contracts and thus avoid anyone sue them again.
Read MoreANFI. Victory at the First Instance court nº 3 in Maspalomas. Some data. Post 2
This is the judgment that I mentioned in my previous post. There I commented on the decision of the appeal that confirmed this other that I now publish.
Read MoreANFI. New ruling of the Court nº 3 declaring contracts null and void.
As on other occasions sometimes happens that there are Courts in Maspalomas that, despite declaring contracts null and void, do not recognize the right to also receive the unduly advanced money. This then is grounds for appeal and the Court of Appeals rectifies this error and grants them (as can be seen in the following post).
Court victory against ANFI. Court nº 3. Total win, return of price and anticipated monies, plus legal costs
This time the Anfi Group has been condemned to pay 15,352 euros as part of the price (the non used years) and another 20,200 as anticipated monies. They will also have to pay legal costs and interests since the date of filing the claim until it’s full payment. Not too bad ;)
Read MoreA total win: Tenerife Court of Appeal room 4, Judgement nº 533/2017 against SILVERPOINT.
In this judgment the Court of Appeal has declared the contracts null and void, ordering Silverpoint Vacations to return the sum of £ 52,550.35 plus another £ 88,960 in concept of money unduly anticipated. In addition, the judgement, as can be seen in the yellow highlighted ...
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 MoreWhich JURISDICTION is applicable to my timeshare contract?
Today I am referring to Law 42/98 and to contracts signed between the 5th January 1999 and the 17th March 2012. I have received lately many questions about which Courts should know about which contracts. Questions such as:
Read MoreApplicable law to timeshare contracts currently in force.
In Spain there are currently at least three specific legal regulations applicable to timeshare contracts in force today, these are:
Consequently, contracts signed between the 5th of January 1999 and the 17th of March 2012, will follow Law 42/98, whereas those contracts signed between the 18th March and the 7th July 2012 has to follow the Royal Decree-Law, being Law 4/2012 for contracts signed after the 8th July 2012.