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Timeshare and insolvency

Judging by the number of enquiries we are receiving, probably stimulated by maintenance fee season. There appears to be some confusion surrounding those European timeshare companies who have placed certain of their group of companies into administration. We thought we would take the opportunity to clear matters up. In the world of timeshare, it is […]


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Real companies that aren’t

In a recent article we looked at a suspicious company called Sonata Administration Services we discovered that there is a UK registered company listed at Companies House called Sonata Trading Ltd. According to the record the company was formed on 3rd September 2009 so without doubt this would add credibility, a company with a solid […]


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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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Financial Conduct Authority Regulation, is it fair?

Recently we published an article on the subject of timeshare finance and what happens when it goes wrong. We admit we were critical of the “tiger without teeth” approach of the FCA; we were particularly concerned about contacts deemed illegal in Spain still being funded by regulated finance providers in the UK with what appears […]


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How Spain is killing the European timeshare industry

Much has been written on the subject of Spanish law 42/98 but little has been commented on the fallout from this seemingly simple piece of legislation. The law entered into statute on 5th January 1999 but for whatever reason the majority of the Spanish timeshare industry either didn’t understand or chose to ignore it, later […]


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 Barclays earmark another £181 million to compensate timeshare victims

Following six determined years of work by Adriana Stoyanova (AKA the Erin Brockovich of timeshare) Barclays ready to pay a further £181 million to people “mis-sold” Barclays loans enabled by disgraced Maltese timeshare company Azure £48 million already repaid Stoyanova’s first victory was widely reported on in 2021, when the financial giant agreed to cancel […]


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Barclays Partner Finance Azure update

Barclays Partner Finance (BPF) was a preferred finance company for a Maltese timeshare company Azure who improperly sold finance to new owners. Barclays agreed to repay the interest element plus another 8% thereon in respect of loans granted between April 2014 and April 2016. Mis-selling of these loans is also evident before and after these […]


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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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Azure Scammers Exposed

Here we go again. Most readers know that Azure Malta went into liquidation earlier this year, however with the efforts of the joint liquidators a new management company was formed, being Vacation Club Services Limited (VCSL), to act as the new club manager.  VCSL in turn has established a company in Malta called VCMS Co Limited, […]


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Azure and Barclays Partners Finance case reported in the Financial Times

Regular visitors to this site will know that we have been following closely the situation that has been developing at Azure including the liquidation and transfer of management to Vacation Club Services Limited (VCSL)  Further to this news we reported on the outcome of the Tribunal case involving the Financial Conduct Authority and Barclays Partners […]


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