This article was first published on the web Timeshare Weekly and for its undoubtedly interest I do want to mention it in here and invite you to read it by clicking HERE. I have been mentioned by the author for which I am very grateful. Thank you!
Problems between Anfi shareholders? Is it a war? Interesting newspaper article in today's local press.
Interesting newspaper article in today's local press. Problems between Anfi shareholders? Is it a war?
Acording to this local newspaper the Lyng family is demanding Santiago Santana Cazorla to give up Anfi Group Management. They have started a criminal complaint for misappropriation of funds and are finalizing a lawsuit to require the entrepeneur to return 8.6 million euros.
Read MoreDoes the timeshare industry love ignorant consumers?
I have recently come across an article posted by Christophe Elliot with this very suggestive title, Does the timeshare industry love ignorant consumers? that for its doubtless interest I reproduce below:
"Businesses like to say their best customers are educated ones. But that doesn’t necessarily apply to the timeshare industry.
Read MoreAbout the new Spanish Timeshare Act, number 4/2012, of 6th July.
This Law regulates the use in turns of turistic real estate (timeshare), the acquisition of long-term holiday products, their resale and exchange as well as tax regulations relating thereto.
This law substitutes the previous Timeshare Act, number 42/1998, that came into force the 5thJanuary 1999. Its enactment has been following the European Union Directive 2008/122/CE.
Read MoreTimeshare. Anfi Beach. Recent rulings in favor of consumers.
I recently had the opportunity to know about several judgments, namely five, ruled by the Court of First Instance number THREE, of San Bartolome de Tirajana, in which his lordship, Judge Mr. Armando Garcia Castellano, changing his approach so far, declared null and void the contracts signed at the time by my clients -I acted in these trials in ...
Read MoreTimeshare fees: trapped in a holiday that lasts for life - Telegraph
"All these owners want is to get out of these timeshare agreements, and a lot are taken in by the salesmen."
Some pensioners are being forced to pay fees until they die, even if they are too old or ill to use their holiday properties. Some even opt to bequeath them back to the companies in their wills, so their children won't be lumbered with ongoing fees.
Read MoreNew judgment of the Court of Appeal in Las Palmas against ANFI
The judgment has date of 21st february 2013 and was notified to my colleague, Miguel Rodríguez with whom I have collaborated during the last three years on Timeshare cases, on the 8th of March.
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The Bristish Embassy in Spain talking about Timeshare
Timeshare ownership is well established in Spain with many respected companies, agents and resorts operating legally and fairly. However, there are also many unscrupulous companies, some of which claim to provide various incentives (including stock market investments and discounts on airfares and accommodation) when exchanging existing time-share ownership or taking out membership of holiday clubs.
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Timeshare in Spain. A bit of history: Law 42/98
The “Tiempo Compartido” (Timeshare), misnamed as “Multiproperty”, involves the acquisition of a property between several buyers, who occupy this property, in shifts, during the course of the year.
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