The European Timeshare Law Institute is an organisation that has a specific mission, to increase trust among consumers in the field of timeshare litigation. Recently they highlighted three of the top timeshare compensation specialist in Europe, they then published their findings on their website.
The institute recognises that many consumers are walking through a veritable minefield of scammers, fake law firms and some unscrupulous law firms selling bogus legal services. Many of these we have highlighted on Inside Timeshare. The institute’s aim is to verify the claims made by many law firms and to highlight the ones they have verified as doing the best job on behalf of consumers.
The first law firm which the institute has highlighted in their report is none other than Canarian Legal Alliance, no strangers to these pages. According to their report, CLA is the top law firm in the number of cases it has ongoing and is also top for the amount of cash returned to consumers. It is believed that they have secured over £7.8 million with a further 2.4 million in bank guarantees, plus they have embargoes on 11 Silverpoint properties.
In second place, they have named M1 Legal, a law firm based on the Costa del Sol, Spain. According to the Institute’s report, M1 Legal have been making great efforts in delivering cases in the Spanish Courts. They are also involved in many cases against banks who have worked with timeshare companies to provide finance agreements to help push the sale through. Inside Timeshare knows that M1 Legal is involved with the ongoing case of Barclay Partner Finance and the granting by the FCA of “Validation Orders” to legalise agreements brokered by a non-authorised agent in Malta.
In Third place, the Institute recognises TESS Law as one of the most successful companies based in the UK. According to the information the Institute has published, TESS Law are representing around 1,000 consumers in Section 75 claims in the UK, securing over £3.9 million in payments of which £2.8 million has been paid to date. They are also involved with a further £8 million worth of claims in Spain and are in the process of negotiating on behalf of 190 consumers in respect of the mis-selling of Monster Credits.
Number of cases
Top: – Canarian Legal Alliance (Spain) £95 million in pipelined claims
Second: – M1 Legal (Spain) over £20 million in the pipeline and many more millions with UK law firm Messrs. Pinder Reaux.
Third: – Tess Law (UK) £12-14 million in the pipeline
Cash returned to consumers this is an estimate and based on facts share with us: –
As a group (not declared) all 3 companies collectively £11 million
CLA has a further 2,4 million in bank Guarantees and 11 apartment Embargos silverpoint. TESS LAW also has 1.8 million in embargos.
This report from The European Timeshare Law Institute does give further information, please see the link at the top of this article for the full report.
Are you looking to find a genuine company to see if you have a claim or wanting information on relinquishment, if so then please use our contact page and Inside Timeshare will get back to you?