ANFI. 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).

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Now you know more about timeshare contracts in Spain, if you want to get rid of it I am an independent lawyer and I can help you! Remember that preliminary advice is for free. See more information here, or contact me directly.

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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Applicable 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:

- Law 42/1998, de 15 de diciembre, sobre derechos de aprovechamiento por turno de bienes inmuebles de uso turístico y normas tributarias.

- 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.