Silverpoint. 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.

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Silverpoint 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

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Breaking 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): 

http://www.cuatro.com/noticias/espana/Supremo-cliente-vacaciones-contrato-infringia_0_2309475741.html

More info in this web here