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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Club Paradiso Members – Proceed with Caution
Members of the failed Club Paradiso in Tenerife have been sent emails by Owen Walker of R&H Restructuring based in Tortola, British Virgin Islands. The email was dated 13th October 2020 and contains various options to club members to pursue at this stage. We reported the fact that the Joint Liquidators (JLs) had failed to find […]
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Club Paradiso Update
Owners of timeshare at Club Paradiso in Los Cristianos, Tenerife have already or will soon be receiving the announcement below from Alvarez & Marsel, the original company appointed to explore the possibilities for the club following the demise of Silverpoint and associated companies in December 2019. “Dear Sir / Madam, Club Paradiso Limited (in Liquidation) […]
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