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April 2016

Supreme Court Strikes Again: Another Ruling against ANFI Contracts.

The latest news to be published in the court battle between ANFI and timeshare owners confirms earlier Supreme Court Judgements.

 

On 6th April 2016 Canarian Legal Alliance posted their latest victory in this ongoing case. They received yet another favourable judgement from the Supreme Court. In this announcement the court has declared that its previous decisions to find Floating Weeks Illegal is upheld. In its rulings the court has declared that selling weeks without a room number or week number specified is illegal. (see link at end of the page).

With this ruling it puts into doubt ANFI´s and the RDO´s assertions that the previous rulings were wrong. We now wait for another statement from these two organisations as to this latest ruling.

anfi logo CLA Logo

http://insidetimeshare.com/rdo-trying-scare-anfi-timeshare-owners/

 

http://insidetimeshare.com/my-thoughts-today/

 

So what does this mean for other resorts that have also sold Floating Weeks?

 

Obviously it will affect them in the same way, the court has again stated these contracts are illegal in Spain. Any resort or company that has sold them is now open to litigation and the contract declared NULL & VOID. The consumer in Spain at least is now getting the protection that the original EU Timeshare Directives sought to give. It is now up to other countries within the EU to do the same. After all, there are many owners who have been sold the same product, but have no redress due to the country they purchased in.

SUPREME COURT CONFIRMS : ANFI FLOATING WEEKS ARE AS ILLEGAL AS ALL THE OTHERS


Inside Timeshare will keep you updated on the latest developments as we find them. If you have any questions or concerns get in touch and we will do our best to find you the answers.

My Thoughts Today.

Every morning I switch on my computer and start looking at the various timeshare related websites, I am amazed at some of the verbal diatribe that many present. The use of language to say the least is appalling, most of the time the content does not even reflect the topic that they headline.

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One site that I looked at today, which shall remain nameless, could not even get the details of their association correct. Rather than saying National Association it stated they were members of a Nation Association. If they can not even get these small facts correct, how can you even trust what they offer?

 

Most at the end of the day are just after your money, they do not really care if you have been wronged. The information given is confusing to say the least. Facts are not given, sources are none existent, and most of the time they are either timeshare industry related or on the periphery.

 

One piece I was reading today was from the Chief Executive of the RDO, in his blog of January 4th 2016, He ranted on about the legal system in Spain, that it had got the laws wrong on timeshare, from how I read it only English law was correct. Mind you, it was in defence of his own industry, TIMESHARE. The industry that his organisation should be regulating and ensuring that its members do the right thing.

 

This organisation only exists to make sure they have a business, the consumer is just fodder for their coffers. Is it any wonder that there are so many claims going through the courts, when the governing body will not even investigate its own members? If they did what they should and what is right, maybe there would not be so much controversy around the industry.

rdo-logo

Timeshare is a sound concept, it is the way in which it is sold that is the problem. All the lies that “UPS” are told on the sales decks, nothing in writing apart from the contracts, which as we have seen from the Spanish courts in accordance with EU Directives on timeshare, are unfair and illegal. How many times have we heard “it’s an investment, you are buying bricks and mortar”. “Your children can inherit it, what a legacy to give them, something they will remember you by”.

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Diamond Resorts International: Share Price Falling.

On the 22nd January 2016 The New York Times ( by Gretchen Morgenson) published an article about Diamond Resorts International. Following this article the Share Price plummeted by around 15% on the New York Stock Exchange. So what prompted this plunge?

 

The article highlighted the high pressure sales tactics that Diamond sales staff employ at their sales presentations. A lady called Mrs Mary Ann Gutierrez aged 77, who had been an owner at Lake Tahoe California for around 25 years, visited one of the timeshare units she owns. While checking in she was given a $100 gift voucher to attend a presentation. She was then subjected to 5 hours of hard sell. Before this happened she had to fill out various forms including her credit card details.

 

The pressure she felt was enormous, but she did not give in, eventually the sales staff gave up trying. The next shock came a little later, a Diamond representative gave her a voided credit card voucher for $4,840. This sum had been deducted from her card without her permission, the Diamond sales staff felt that confident she would purchase, they put the transaction through before the end of the meeting.

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This was not the only case The New York Times Highlighted. (See link below)

 

http://www.nytimes.com/2016/01/24/business/diamond-resorts-accused-of-using-hard-sell-to-push-time-shares.html?_r=0

 

The Consumer Financial Protection Bureau, is looking very closely at the timeshare industry in the US, and many are calling for tighter regulation and controls. It may be that as in Europe self regulation does not work. Is it time for outside control of this industry?

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