Yesterday Inside Timeshare brought you the latest information on JSD Group Ltd, many of our readers who had also been called by them regarding their timeshare or holiday club purchase are now receiving calls about their purchase of solar panels. The latest was received this morning and explains a little more about what they are doing. We also have the latest on Club Paradiso with an email from Alvarez and Marsal. We also bring you news of the latest case Anfi appealed to be dismissed by the High Court.
Our reader has already had calls from JSD Group regarding his membership of Club Class, he was told that he was entitled to over £20,000 plus and extra £3000 to £9000. Apparently, this “extra” payment is for not having the money in his bank account over the time of his membership. Now to get this “extra” money, he had to make a payment for the “legal department” to help him make this “extra” claim. Unfortunately, he paid for it.
Then there was another payment required, this was for a copy of the liquidation papers from the court, hang on, these are usually available online from the Insolvency Service and from Company House Records. As our reader pointed out to JSD, if they had already won back money for clients, surely they would already have those “liquidation documents” from those other clients? Our reader refused to pay.
Then we come to the “solar panels”, JSD Group said they would get him his money back, this would be using the route of the loan to pay for the solar panels. Unfortunately, the bank explained that there can be no claim via the loan as the loan was through a third party and not linked to the solar panel company. We have seen this before with loans to pay for a timeshare, the loan was not brokered by the salespeople but via a recommendation or a private loan agreement with the client’s bank. We have also seen credit card claims via Section 75 refused because the payment was to a third party.
Just from the experiences of this reader, we can safely say that this enterprise is there only to take your hard-earned cash, they have no idea how to make these claims or are they able to back up what they post as “testimonials”. After all, for a company and website that is only 7 months old, they seem to have a lot of “testimonials” which have been there since the website went live. Got to admit that is fantastic work in getting all these people their money back in such a short space of time, within days of the website going “LIVE”!
As we know Club Paradiso in Tenerife is in liquidation, with Alex Lawson stating previously that they are looking to appoint a third party with no ties to Club Paradiso to take on the role of managing the club for its members. This would ensure that all members “investment” in the club will be safe.
But this now does not look like the case, in an email has been sent to members on behalf of Club Paradiso by Alvarez and Marsal, who have taken over as administrators of the “club”. In this email, they state that “The Company’s director (is that Alex Lawson) has been unable to find a third party that was willing to take on the management role”.
Now that in itself is very significant, no third party is “WILLING” to take on the role of management and run the “club”!
This does leave us now with several questions:
- Why is no third party willing to take on the job?
- What is going to happen to the “members”?
- Are the members going to lose all their money?
Below is the full email that we have received from one of our regulars.
From: ClubParadiso <[email protected]>
Sent: 05 October 2020 18:45
Subject: RE: Club Paradiso
Dear Sir / Madam,
Club Paradiso Limited (in Liquidation) (the “Company”)
As you are aware, the Company’s ongoing financial difficulties led to the suspension of the vacation club managed by the Company, known as Club Paradiso (the “Club”). The Company’s director has been unable to find a third party that was willing to take on the management role and, as such, the Club can no longer continue. The Company was placed into liquidation on 24 September 2020 in accordance with Section 159(2) of the British Virgin Islands Insolvency Act 2003.
Prior to the decision by the director to place the Company into liquidation, an alternative holiday program was identified and the director procured an agreement for the Club’s members to be able to access their program at discounted rates. It is noted that this alternative holiday program is unrelated to the Company, its current or former directors or shareholders. Further details regarding the alternative holiday program will shortly be communicated to members by the joint liquidator, Owen Walker of R&H Restructuring (BVI) Ltd, during October 2020.
We acknowledge that this has been a difficult period for all members and that it is hoped that the alternative holiday program sought by the director will provide members with an alternate membership program to continue with if they so choose.
Should you have any further queries, please contact us.
Club Paradiso Limited (in Liquidation)
Obviously, this is now going to be very worrying to members of Club Paradiso and the above questions will also be on their minds.
On this point, we must now issue a warning, no doubt now that this news is out in the public domain we will be seeing many more “cold calls” to members regarding making claims against the Club. If you do receive any calls on this subject please make sure you do your due diligence before engaging with any company that calls.
If you are a Club Paradiso member, Inside Timeshare would like to hear your views, please use our contact page and Inside Timeshare will get back to you.
Latest High Court Dismissal of Anfi Appeal
In this case, the Norwegian client has had both their contracts declared null and void with the court ordering that Anfi repays the client over 63,000€ plus legal interest. With both courts agreeing on the repayment in double the amount paid as a deposit within the statutory cooling-off period.
The Courts of First Instance and the High Court are following to the letter the rulings from the Supreme Court which does beg the question why does Anfi continue to lodge these appeals?
All we can say is that Anfi is just trying to cause as many long delays as possible, they obviously think they will eventually win. But we believe the main underlying factor is they hope that the time it takes to get these cases through the courts will put others off from pursuing claims.
Alright, they do have the legal right to appeal, but considering that every appeal has been dismissed including the Supreme Court rejecting any further appeals from Anfi, it does seem as though Anfi are just causing themselves more financial problems. After all, it costs them to appeal and as we have seen on many occasions the High Court has increased the award as a form of sanction against them.
If you have any questions or comments on any of the articles published, or you would like to know if you have a valid and viable case, then please use our contact page and Inside Timeshare will get back to you.