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 More
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 More
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 More
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 More
In Spain there are currently at least three specific legal regulations applicable to timeshare contracts in force today, these are:
- Roya Decree-Law 8/2012, de 16 de marzo, de contratos de aprovechamiento por turno de bienes de uso turístico, de adquisición de productos vacacionales de larga duración, de reventa y de intercambio.
-And Law 4/2012, de 6 de julio, de contratos de aprovechamiento por turno de bienes de uso turístico, de adquisición de productos vacacionales de larga duración, de reventa y de intercambio y normas tributarias.
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.