Silverpoint – Investigations carry on
Before we look at the investigations surrounding Silverpoint it would be good to go back in time and catalogue how the current position came about. Originally a sales company was established under the name of Resort Properties. Sales by this company mostly comprised timeshare in Beverly Hills Club, Hollywood Mirage Club, Beverly Hills Heights Club, […]
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Litigandolo Abogados – Here we go again
Yet another incarnation of the infamous rogues from Tenerife. We have to admire the tenacity of these crooks and the sheer stamina displayed in the continual reinvention of both themselves and the scam. We have reported on so many name changes over the years, but that’s all it is, a name change. Once again, on […]
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Claims – The role of the Financial Ombudsman Service
Firstly we feel it necessary to point out that the Financial Ombudsman Service (FOS) has no jurisdiction in relation to unregulated claims such as those being processed through the Spanish courts for timeshare sold in contravention of Spanish law 42/98. The FOS deal with disputes regarding regulated activities such as claims presented relating to the […]
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Enough is enough!
Before we launch into the body of this article first we would like to publish a rogues gallery of those timeshare developers who are systematically cheating people out of monies that they not only deserve, but also have legal rights to these being the funds awarded by the Spanish courts. We will then explain why […]
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Silverpoint – What next?
It’s been a long time coming but finally some positive news has been delivered. The Spanish court appointed administrator investigating Silverpoint has now completed his review of the company’s liquidation. It appears that the news is not good for the company or for several key personnel. Although the report is welcome it appears that the administrator […]
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Delaying the inevitable
First we must say that the law is the law and we would not disagree with that; however there also is a counter expression as quoted by Charles Dickens character Mr Bumble who stated “The law is an ass” to what are we referring? To answer, the Spanish court system. Spanish courts Within these pages […]
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The continuing saga of Silverpoint
It appears that the authorities on Tenerife are not letting the bankruptcy of Silverpoint go unnoticed as Arona’s Investigating Court Number 1 has opened preliminary proceedings against Silverpoint Vacations SL (“Silverpoint”) and Excel Hotels & Resorts SA (“Excel”). The alleged crimes relate to the bankruptcy of Silverpoint, the timeshare operation that centred its operations in […]
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The Rise and Fall of the Timeshare GIANTS
The Rise and Fall of the Timeshare GIANTS; Anfi – the rise When the Anfi Resort Complex opened for business in 1992 it was certainly one of the world’s most luxurious timeshare resorts. Its focus on quality and service made it stand out way above most of Gran Canaria’s hotels and accommodation. Years later, it’s still one […]
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Timeshare Group in Liquidation Hits the News Again
Silverpoint Vacations are yet again hitting the news with Spanish newspaper, El Diario and Blog, Inside Timeshare highlighting more on the group’s current status. It was during the 80s when business man Robert Trotta built his timeshare holiday kingdom that is now in the pit at the bottom of a slippery liquidation slope. Trotta emptied […]
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Silverpoint Vacations SL Declares Bankruptcy
As of the 15th January 2020, Silverpoint SL has been declared by the Tenerife’s Commercial Court to be in “Concurso de Acreedores”, this means bankruptcy. Concurso de Acreedores is not as straight forward as simple bankruptcy though, it is a Spanish legal situation that can be provoked voluntarily by the company or involuntarily by a […]
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