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El Dia

Start the Week

Welcome to the start of another week, we begin this week with the article published in the Norwegian Business Magazine, Kapital This paper has already in the past focused on many cases regarding timeshare and especially Anfi. Back in 2016, this very same paper published the story of Mrs Grimsbo and her case against Anfi, which was conducted by Canarian Legal Alliance. Now Kapital has picked up on the news about Anfi being investigated for fraud.

As we already know the news that the State Prosecutor in Gran Canaria has instigated a criminal investigation around the movement of funds was published only recently in El Diario, El Dia and also Inside Timeshare. It was also the subject of a news item in Spanish National Television new TVE1.

Inside Timeshare will not go into detail today but the links below will give you the full story in excellent detail.

Kapital article in English

Kapital article in Norwegian

We stick with Anfi for our next snippet, at the end of October Anfi had another bad Tuesday in the courts. At the High Court in Las Palmas another timeshare owner is now Anfi free, the court declared their contract null and void also awarding them 161,598€ plus all their legal fees.

The case was brought on behalf of the client by Canarian Legal Alliance.

CLA also issued their end of October review of the performance of their legal department.

  • There were 60 New Trials and Hearings.
  • 40 sentences from the Courts of First Instance and the High Courts.
  • In all CLA recovered around 1,600,000€ on behalf of their clients.
  • There were 35 new claims delivered to the Spanish Courts.
  • They also worked on 96 appeals cases for cases they originally won in July and September.
  • On the executions and enforcements of sentences, the instituted 26 provision enforcement orders.

It certainly looks as though the CLA lawyers and staff have been very busy.

Over the weekend Inside Timeshare has received many more enquiries regarding claims companies and law firms making contact with owners. Unfortunately, most of them have appeared on our pages with many warnings, such as Solutions SL, CUC Abogados, SG Abogados, Litigation Service SL and Platinum Service and Administration SL.

All have a very similar story, the courts have appointed them to help you the consumer to retrieve money being held by the courts after dealing with various other companies and timeshare. We have said this before, these are all scams to get hold of your hard-earned cash.

If you are contacted by any company and want to know if they are genuine, then use our contact page and we will help find out. It costs nothing to ask and better safe than sorry.

El Diario Publishes Another Article on Silverpoint

Last week Inside Timeshare published the article “Timeshare Companies Highlighted in Spanish News”, which featured links to two Spanish Newspapers, El Diario and El Dia. Today we publish another from El Diario (7 October 19), which highlights the Prosecutor’s Office investigating the massive sale of properties by Silverpoint. It all centres around the decapitalization to avoid paying the mounting awards the courts have imposed. See link to last weeks article.

https://insidetimeshare.com/timeshare-companies-highlighted-in-spanish-news/

In this week’s El Diario they report on information from Canarian Legal Alliance that Silverpoint has stripped 52 of its 76 properties, but retains ownership of them through other means. This is through the “Company Participation Scheme”, where the properties are registered as SL companies, with “participations or shares” being sold to unsuspecting clients. These clients believe they are buying into “real estate” when in reality they are purchasing a “reinvented timeshare product”.

With this product which has cost many people thousands of euros, they are promised a return via rental agreements which since 2017 have not been paid as promised in the agreements. The administrators of these “companies” are listed on Spanish Company Records as Silverpoint Vacations and Excel Hotels and Resorts. Which confirms that they still have full control of the properties.

CLA confirmed to El Diario that they define this as a “rough manoeuvre” by creating an “ad hoc society” so that in appearance at least the property changes hands. (See link on the company participations).

The El Diario article also goes on to explain that the companies involved are diverting capital to other companies in the group, again to avoid the judicial enforcement of sentences.

Two other companies are also now mentioned, Signallia Marketing Distribution, formerly Silverpoint Vacation Solutions and Excel Hotels and Resorts. Signallia being responsible for reservations and Excel for managing the resorts and the billing of maintenance fees. Again it would appear that they are also responsible for diverting funds to other companies and also abroad. According to their financial report, there has been a significant decrease in the balances of their current accounts. The whereabouts of these funds are unknown.

The El Diario article finishes by explaining that one of the Silverpoint representatives must respond to the Judge in Arona on the accusation of the Crime of Obstruction of Justice and Frustration of Execution of Sentences. With another court ordering an embargo on three properties in order to settle a debt of just over 62,000€ for one of CLA’s clients.

This will be an ongoing story and Inside Timeshare will be monitoring the situation as it unfolds. So watch this space for more articles and reports on this intriguing story.

El Diario article 7/10/19

https://www.eldiario.es/canariasahora/tenerifeahora/tribunales/Fiscalia-venta-propiedades-timesharing-sur-Tenerife-turismo_0_950155565.html

El Diario English version

https://translate.google.com/translate?sl=es&tl=en&u=https%3A%2F%2Fwww.eldiario.es%2Fcanariasahora%2Ftenerifeahora%2Ftribunales%2FFiscalia-venta-propiedades-timesharing-sur-Tenerife-turismo_0_950155565.html

Swedish

https://translate.google.es/translate?hl=en-GB&tab=rT&authuser=0&sl=es&tl=sv&u=https%3A%2F%2Fwww.eldiario.es%2Fcanariasahora%2Ftenerifeahora%2Ftribunales%2FFiscalia-venta-propiedades-timesharing-sur-Tenerife-turismo_0_950155565.html

Norwegian

https://translate.google.es/translate?hl=en-GB&tab=rT&authuser=0&sl=es&tl=no&u=https%3A%2F%2Fwww.eldiario.es%2Fcanariasahora%2Ftenerifeahora%2Ftribunales%2FFiscalia-venta-propiedades-timesharing-sur-Tenerife-turismo_0_950155565.html

German

https://translate.google.es/translate?hl=en-GB&tab=rT&authuser=0&sl=es&tl=de&u=https%3A%2F%2Fwww.eldiario.es%2Fcanariasahora%2Ftenerifeahora%2Ftribunales%2FFiscalia-venta-propiedades-timesharing-sur-Tenerife-turismo_0_950155565.html

Below are links to previous articles published by Inside Timeshare Including translations.

English

https://insidetimeshare.com/silverpoint-company-participations-is-timeshare/

German

https://translate.google.com/translate?sl=en&tl=de&u=https%3A%2F%2Finsidetimeshare.com%2Fsilverpoint-company-participations-is-timeshare%2F

Norwegian

https://translate.google.com/translate?sl=en&tl=no&u=https%3A%2F%2Finsidetimeshare.com%2Fsilverpoint-company-participations-is-timeshare%2F

Swedish

https://translate.google.com/translate?sl=en&tl=sv&u=https%3A%2F%2Finsidetimeshare.com%2Fsilverpoint-company-participations-is-timeshare%2F

English

https://insidetimeshare.com/?s=exclusive+breaking+news

German

https://translate.google.com/translate?sl=en&tl=de&u=https%3A%2F%2Finsidetimeshare.com%2F%3Fs%3Dexclusive%2Bbreaking%2Bnews

Norwegian

https://translate.google.com/translate?sl=en&tl=no&u=https%3A%2F%2Finsidetimeshare.com%2F%3Fs%3Dexclusive%2Bbreaking%2Bnews

Swedish

https://translate.google.com/translate?sl=en&tl=sv&u=https%3A%2F%2Finsidetimeshare.com%2F%3Fs%3Dexclusive%2Bbreaking%2Bnews

Translation of this article

German Version

https://translate.google.com/translate?sl=en&tl=de&u=https%3A%2F%2Finsidetimeshare.com%2Fel-diario-publishes-another-article-on-silverpoint%2F

Norwegian Version

https://translate.google.com/translate?sl=en&tl=no&u=https%3A%2F%2Finsidetimeshare.com%2Fel-diario-publishes-another-article-on-silverpoint%2F

Swedish Version

https://translate.google.com/translate?sl=en&tl=sv&u=https%3A%2F%2Finsidetimeshare.com%2Fel-diario-publishes-another-article-on-silverpoint%2F

If you have purchased any product from Silverpoint and would like to know what your legal position is and what options are open to you then use our contact page and we will point you in the right direction.


Timeshare Companies Highlighted in Spanish News

Inside Timeshare has recently been publishing articles on the legal challenges regarding the attempts of various timeshare companies to avoid paying out to clients who have won their cases against them. On 30 September the Spanish newspaper El Diario published an article on the seizure or embargos of properties, yesterday another newspaper El Dia published a similar article.

Both articles focus on Silverpoint with El Diario also bringing in Anfi, both companies have been working, in the same manner, to delay or avoid paying clients the money that the courts have ordered.

The methods they are using are constant appeals to the High Courts which even the judges in those courts are seeing a frivolous. Other methods they are also employing is the transfer of funds from the bank accounts of the named companies in the court cases.

At the forefront of these legal challenges to enforce the sentences of the courts is Canarian Legal Alliance, who have achieved the first embargos on the properties of Beverly Hills Club. Six apartments have had an embargo order placed on them, this means that if Silverpoint fails to honour their commitment to pay the clients, then the properties may be auctioned to cover the debt.

The total amount of the properties is estimated to be around 1.5 million euros, this is a huge amount and will cover many clients who are waiting to be paid what they are owed. One UK client who has been awarded over 13,000 euros is one of those in this first case, the apartment embargoed on their behalf is worth around 250,000€. So the question is why don’t they just pay up?

Well, I think we all know the answer with regards to Silverpoint, it is to ensure that the Trotta family do not lose out on their inheritance of the late Bob Trotta’s fortune.

With regards to Anfi, not only have the newspapers been reporting on their attempts to avoid paying, Inside Timeshare reported in July on the item aired on Spanish National Television New TVE1. The report was how Anfi is moving funds around their different bank accounts so that any embargo on the accounts of the Anfi entities named in the court’s cases are empty.

This report also included an interview with one of the senior litigation lawyers of Canarian Legal Alliance Eva Gutiérrez, she explained what Anfi are doing and what procedures CLA have in place to thwart their moves. She is also seen with a document showing all the various accounts used by Anfi.

Inside Timeshare also published the news that a full-blown investigation into the antics of Silverpoint has been ordered by the State Prosecutor of Tenerife. This may result in criminal charges being brought against the administrators of Silverpoint, one being the Obstruction of Justice. When these charges are brought and a conviction secured then the perpetrator may very well face up to 4 years in jail.

https://insidetimeshare.com/start-the-week-legal-news/

El Diario article

https://www.eldiario.es/canariasahora/tribunales/embargos-timesharing-Tenerife-Silverpoint_Vacations-sentencias_0_947005591.html

English translation

https://translate.google.com/translate?sl=auto&tl=en&u=https%3A%2F%2Fwww.eldiario.es%2Fcanariasahora%2Ftribunales%2Fembargos-timesharing-Tenerife-Silverpoint_Vacations-sentencias_0_947005591.html

El Dia article

https://www.eldia.es/tenerife/2019/10/02/juez-ordena-primer-embargo-empresa/1013237.html?fbclid=IwAR21Utr460C6GT2beA7aVPp_TDpBKKLrNasJufRdtI_RzAeeDMdHzf7vENk

English translation

https://translate.google.com/translate?sl=auto&tl=en&u=https%3A%2F%2Fwww.eldia.es%2Ftenerife%2F2019%2F10%2F02%2Fjuez-ordena-primer-embargo-empresa%2F1013237.html%3Ffbclid%3DIwAR21Utr460C6GT2beA7aVPp_TDpBKKLrNasJufRdtI_RzAeeDMdHzf7vENk

Link to the TVE1 news item with English subtitles.

If you would like further information on any timeshare contract purchased in Spain after 5 January 1999, to see if you have an illegal contract and are able to claim along with having your contract declared null and void, then use our contact page and we will point you in the right direction.

Remember, there are many companies getting in on the bandwagon not all are what could be called genuine. If you have been contacted by any company offering you the chance to claim and you want to know if they are genuine, again use our contact page and get in touch.

German Version

https://translate.google.com/translate?hl=&sl=auto&tl=de&u=https%3A%2F%2Finsidetimeshare.com%2Ftimeshare-companies-highlighted-in-spanish-news%2F

Norwegian Version

https://translate.google.com/translate?hl=&sl=auto&tl=no&u=https%3A%2F%2Finsidetimeshare.com%2Ftimeshare-companies-highlighted-in-spanish-news%2F