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Start the Week: Silverpoint Liquidation Update

Welcome to Monday morning and the start of another week with Inside Timeshare, today we have a look at the latest developments in the Liquidation of Silverpoint. Many people seem to believe that this is just a simple procedure, wind down the company, secure the assets for creditors and that is it, unfortunately, when it comes to timeshare and Silverpoint in particular this is not the case as you will see. By the nature of the company setup, this is one very complex case.

One of the main law firms which are deeply involved in the liquidation procedure is Canarian Legal Alliance, they have been at the forefront of the moves by the authorities to investigate the dealings of the myriad group of companies of which Silverpoint is part, The Limora Group.

Two of the CLA lawyers behind the investigations.

In their update to clients, CLA explains they have requested through the Mercantile Court, the “accumulation” of the procedures against Silverpoint, along with one called Oasis Investments SA, the former owners of The Paramount. This would mean that both liquidation procedures are joined, so far no reply to this request has been received from the court.

If this procedure is approved, CLA would then request that the actual Paramount building be reintegrated with Silverpoint which would raise the assets of the companies. The lawyers have also joined other actions requested by the Court Appointed Administrator where they have asked for Excel to return some of the assets. These were initially acquired in an operation which the lawyers at CLA classified as fraud.

Details of CLA’s March update on this can be found at the link below.

It was also reported that the Court Appointed Administrator and Excel asked for a suspension of hearings due to a possible agreement between the parties. This agreement establishes a reintegration of eleven thousand timeshare weeks, increasing the companies value. In exchange, there will be a recognition of debt in Excels favour of seven million euros.

The lawyers representing their clients have naturally opposed this agreement in part. They have accepted the reintegration of the weeks as it is in their clients best interests due to the increased value of the company. However, they do not agree with the recognition of any debts to excel as they do not believe them to be justified.

It will now be down to a Judge to study all the arguments presented and then base his decision on the facts.

The CLA Lawyers have also requested information on the criminal procedure as this appears to have gone a little cold recently. They have also made a request to the court to carry out the gathering of evidence, such as the interrogation of key staff, their legal advisors and also the Court Appointed Administrator, who should after all this time have a very good grasp on the Limora Group/Silverpoint set up.

As we stated in our opening, this is one of the most complicated liquidations which the courts have had to deal with. The whole Limora Group set-up was designed to divert money worldwide, using methods such as “inter-company loans”, one of the reasons behind the current liquidations. All this was expertly achieved by Kwang Boon Sim, the financial guru of the late Robert “Bob” Trotta, the full story can be read at the following link.

The late Robert “Bob” Trotta & Kwang Boon Sim the Financial Guru

https://insidetimeshare.com/?s=Exclusive+Breaking+News%3A+The+Truth+Behind+Silverpoint+Exposed

There is a lot more going on than we are able to publish here, as and when it becomes public knowledge it will appear on these pages. In the meantime we must issue a warning, as you can see from this article, the liquidation process is complex and is going to be long and drawn out, so beware of the “cold callers” who will claim they have a “fast track” procedure to help you. Timing is down to the courts and the completion of any investigations, no law firm, lawyer or any other person can have any influence on the process, not even god.

Would you like to know where you stand with your timeshare contract, is it illegal, how can I end the contract, do I have a valid and viable claim?

If you would like to know more and what options are open to you, please use our contact page and Inside Timeshare will get back to you. 

End the Week: Another Fake Law Firm and Court News

Welcome to the end of another week with Inside Timeshare, even though we are not publishing as often as we would like due to personal reasons, the timeshare world continues to move on. Once again another “FAKE” law firm has appeared, this time they claim to be based in Barcelona. We also bring you the latest news from the courts with more defeats for Anfi in the High Court with awards totalling over 200,000€.

We begin with a warning of the latest “FAKE” law firm to materialise, Servicios Legales Barcelona. Not a name that can be checked easily on the internet, the reason is that many law firms in Spain use the term “Servicios Legales” in their advertising and websites.

The Home Page of their website, only a link to send an email.

https://servicioslegalesbarcelona.com/

When making a search the list is almost endless with the first main entries being “Ver Empresas Servicios Legales en Barcelona” and “Empresas de Servicios Legales en Barcelona”, which both translate as: “See Legal Services Companies in Barcelona” and “Legal Services Companies in Barcelona”. These are lists of Bona Fide law firms, in none of these lists do we find a law firm called  “Servicios Legales Barcelona” That fact alone gives cause for concern.

This particular “fake law firm” is using a similar method to convince you the potential victim to pay up.

Grupo Logra, which we highlighted at the end of October, is using a non-existent Official Brexit Form to convince you to pay, (link below). This lot is using what they call The Value Proceed Document, another “official” form that does not exist.

https://insidetimeshare.com/the-litigious-abogados-family-strike-again/

Along with this “official form” is sent an invoice, supposedly from the court, but when you actually see it you can tell it is just a fake and probably a word template. See PDF below courtesy of the TCA.

The amount is £2,450, the invoice does not actually state what this payment is for, which must be paid in “Sterling”, but we suspect it is for “The Value Proceed Document”. The biggest problem is where and who the money has to be transferred.

Now considering that the “invoice” is from a Spanish Court, why is the bank account one with the Royal Bank of Scotland, with the account holder being one Patrick Gaughan?

A Spanish Court with a Scottish bank account in the name of a private individual who does not even have a Spanish name, come on, if that alone does not set your alarm bells ringing, what will?

Once again, this highlights how very careful and meticulous you must be before engaging with any company, especially in timeshare, that cold calls you with news of winning a court case of which you had no knowledge, or, that a court has awarded you as a “victim of fraud” a significant amount of money.

If you receive a call out of the blue with any news such as this then please do your homework first. If you require any help in determining the authenticity of the call, then please use our contact page and let us know.

Moving on to the High Court of Las Palmas, Gran Canaria, another three appeals by Anfi have been once again dismissed and rejected by the High Court Judges.

All three cases were originally heard at the Courts of First Instance of San Bartolomé de Tirajana, where the courts ruled the contracts null and void plus the return of the full purchase price.

The first case was also appealed by the client’s lawyers as the initial ruling did not take into account the payment of double any payments made illegally during the statutory cooling-off period. In this case, the appeal judges ruled a further payment of 15,861€ in respect of illegally paid deposits. This brought the clients total payment to 40,016€ plus legal interest and costs.

The second appeal which was dismissed and the original sentence endorsed, the clients were awarded 72,000€ plus a further 40,155€ for illegally taken deposits. This brings the total award to 112,115€ plus legal interest and costs.

In the third case, the original sentence ordered Anfi to repay the client 65,963€ plus legal interest and costs. This amount included double the amount taken as an illegal deposit, which came to 28,000€.

The three clients who hail from England, Norway and Germany respectively, will now have their cases filed with the Mercantile Court to be added to the growing list of creditors. These cases were prepared and executed by Lawyers of Canarian Legal Alliance, the proverbial pain in Anfi’s backside.

The Anfi Resort, the dream of Bjorn Lyng

It should also be pointed out, the one thing we have noticed is the amounts paid by our Norwegian friends for their “membership” to Anfi, they do seem to have paid and purchased more than others. We suspect this is due to the “loyalty and trust” given to Anfi by the Norwegians because of Bjorn Lyng. A trust that has been well and truly destroyed by the controlling group of Sanatana Cazorla.

If you purchased a timeshare membership in Spain since January 1999, you may have an illegal contract, if you would like confirmation if this is so and what your legal rights are, please use our contact page and inside Timeshare will get back to you.

That is all for this week, have a great weekend and remember beware the cold callers and do your “HOMEWORK” first.

Start the Week: Update Fake Law Firms & News from the Courts

Welcome to the start of another week with Inside Timeshare, apologies for the lack of articles last week, this was due to unforeseen circumstances. Over the past few weeks, we have been publishing warnings about the FAKE law firm operating out of Tenerife, known as The Litigious Abogados Family, further information has confirmed that they are all indeed linked and are also linked to scams perpetrated years ago. Last week was also very busy on the courts front, with more news of Anfi appeals being dismissed and also two new Marriott cases ending in favour of the client.

We begin with our Fake law firms, Olmo, Logra and JR Abogados, well these are actually not fake law firms, their names and websites have been stolen and are being used by the criminals to give themselves credibility.

This is nothing new for this lot, we have seen them use Presidents, Ambassadors and eminent Judges among others on their own websites over the years, what is new here is the fact they are using genuine law firms.

Going back to 2016, Inside Timeshare published (click link) Solutions Group, Still Going?

It was the result of information received that they had begun operating again after a time in the shadows. They came under various names, but the one prominent feature was the email address they used,  [email protected] and the website which is no longer operating www.consumeract75.co.uk

Their name began to appear a couple of years after this article in conjunction with our fake law firms. Former “clients/victims” of Solutions Group were contacted regarding “a court case against their timeshare company”, which had been filed with the courts in Tenerife.

The “client/victim” has been awarded ex-amount of compensation and the “new” law firm “instructed” by Solutions Group will get your money for you. Just a matter of some taxes, court fees etc to deal with first.

Our first article showing the link was for CUC Abogados was an update in 2019, (click link) Update: CUC Abogados & Solutions

There was further update in February 2020 where Solutions “claimed” to have won in court (click link) Solutions Claim to Win Case

Full story on CUC Abogados 

https://insidetimeshare.com/?s=cuc+abogados

It has now been confirmed by several readers who have had contact with all three new “law firms”, that it is a result of their initial dealings with Solutions Group, that their case has been taken to court and it is guaranteed you will be paid out. After all, going by all the other “cases” they have won, the timeshare company pleaded “guilty”. Oh, look, a flying pig!

So our conclusion is that they are all one and the same people, or two different groups working together using data from previous scams. Either way, they have your data and will exploit it as best they can so beware of the “wonderful” news you are about to receive in a cold call.

If you have been contacted by these fraudsters and were also a “client/victim” of Solutions Group Tenerife, please get in touch with Inside Timeshare, your information may be useful.

Moving on to the courts, last week the High Court of Las Palmas once again dismissed and rejected appeals by Anfi Sales and Anfi Resorts, against the judgement handed down by the Court of First Instance.

The first appeal involved a Norwegian client, whose contract was declared null and void, with the court awarding 16.030€ in respect of the purchase prices plus a further 22,900€ for the illegally taken deposits. They were also awarded legal interest and legal costs.

The High Court confirmed this original sentence and the case is now back with the lawyers for filing with the Mercantile Court.

The second High Court ruling for the English client is a great result, at their original hearing the Court of First Instance had no hesitation declaring the contract null and void and awarding the client 24,158€ plus legal interest.

Obviously, Anfi once again appealed to the High Court, but so did the lawyers of CLA.

The Court of First Instance had not included the payment of double any deposit taken illegally, which was clearly established by the Supreme Court as a way of sanctioning the timeshare companies.

The High Court agreed, awarding a further 15,861€ and also included legal costs, as for the appeal by Anfi, well, once again it is a loss.

Moving now to Marbella, where the Court of First Instance Number 8, has found in favour of German clients against MVCI Management (Europe) Ltd, MVCI Management SL and MVCI Holidays SL.

The court not only declared the contract null and void, but awarded 23,292€ for the purchase of the contracts plus a further 36,000€ in respect of illegally taken deposits. The client was also awarded legal interest and legal costs.

In the same courthouse but in Court Number 3, the judge declared another Marriott contract null and void and the repayment of 9664€ Plus legal interest.

All these cases were prepared and presented to the court by lawyers of Canarian Legal Alliance, we now wait to see if Marriott once again submit payment to the courts without the need for enforcement.

That is all for today, if you would like further information on your timeshare contracts and you would like to know your rights and options if it is illegal, please use our contact page and Inside Timeshare will get back to you.