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EVA GUTIÉRREZ

The Latest News in Brief: Azure Services Limited in Liquidation and Anfi Funds Frozen

Today Inside Timeshare has been notified that Azure Services Limited, the sales and marketing company behind the sales of timeshare and vacation club memberships at the Radisson Blu Resort and Spa, Golden Sands in Malta has now filed for liquidation. Once again it is Alex Lawson of Alvarez and Marsal of the Cayman Islands who has been appointed administrator, as we know he and his company are behind the mass liquidations of all of the companies owned by the late Robert “Bob” Trotta. Inside Timeshare published the 6 part series on the liquidations of Limora Investments Ltd and other companies in the group and the reasons behind them, see the link to all the articles below.

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

Alex Lawson, Alvarez & Marsal

Back in December last year Inside Timeshare reported that Azure Services Ltd had ended the sales of timeshare, this resulted in the loss of around 80 jobs. Then in February of this year, we reported on the new product being launched, Azure X and Azure XP which replaced the discredited “investment” weeks previously sold.

https://insidetimeshare.com/timeshare-sales-end-at-golden-sands-malta/

https://insidetimeshare.com/azure-x-xp-what-is-it/

Lawson is now listed as one of the directors along with Joseph Fenech, it is also interesting to see who the shareholders are, Corinthia (Malta) Staff Services Ltd and Mediterranean Overseas Holdings Ltd. Joseph Fenech is also a director of Corinthia.

Mediterranean Overseas Holdings Ltd is also another company owned by the late Bob Trotta under the parent company the Limora Group.

It is understood that the Shareholders of Azure Services Ltd passed a resolution for the company to be wound up under a “creditors’ voluntary winding up” on 27 April 2020. This is one of the points on the “agenda” for the meeting via telephone conference call on 11 May 2020 which “creditors” will be voting on. This certainly does not leave people with much time to organise, could it be that the whole point is to rush the liquidation through?

The question that Inside Timeshare asks now is who are the “creditors?” Are they all those consumers who purchased the “investment weeks” and never received the rentals or the sales they were promised, or is it just another way of avoiding the possibility of legal action in the Maltese courts against Azure, just like Silverpoint in Tenerife?

As we receive more information it will be published here.

We now move to the latest breaking news involving Anfi and the freezing of over 600,000€ by Canarian Legal Alliance with the help of the Spanish Tax Authorities in order to repay clients what they have been awarded by the courts.

It appears that a TAX refund from 2018 to Anfi has been frozen by several of the courts of San Bartelomé de Tirajana, in order to pay around 22 clients who instructed CLA to take out legal action against Anfi.

The Eldiario article also goes on in detail about the emptying of all current accounts by Anfi Sales SL and Anfi Resorts SL, a move to avoid paying clients what the courts have ordered. This point is also under investigation by the Las Palmas Provincial Prosecutors Office resulting from a brief submitted by Eva Gutiérrez, a senior lawyer with CLA.

In a television news interview aired on TV1 sometime ago, Eva explained the work being carried out by CLA in identifying all the Anfi Accounts and tracing the movement of funds. The full news item can be viewed on the link below.

Eldiario article

https://www.eldiario.es/canariasahora/economia/Hacienda-Anfi-timesharing-turismo-deudas-clientes_0_1023648318.html

English Translation

https://translate.google.es/translate?hl=en&tab=rT&authuser=0&sl=es&tl=en&u=https%3A%2F%2Fwww.eldiario.es%2Fcanariasahora%2Feconomia%2FHacienda-Anfi-timesharing-turismo-deudas-clientes_0_1023648318.html

German

https://translate.google.es/translate?hl=en&tab=rT&authuser=0&sl=es&tl=de&u=https%3A%2F%2Fwww.eldiario.es%2Fcanariasahora%2Feconomia%2FHacienda-Anfi-timesharing-turismo-deudas-clientes_0_1023648318.html

Danish

https://translate.google.es/translate?hl=en&tab=rT&authuser=0&sl=es&tl=da&u=https%3A%2F%2Fwww.eldiario.es%2Fcanariasahora%2Feconomia%2FHacienda-Anfi-timesharing-turismo-deudas-clientes_0_1023648318.html

Norwegian

https://translate.google.es/translate?hl=en&tab=rT&authuser=0&sl=es&tl=no&u=https%3A%2F%2Fwww.eldiario.es%2Fcanariasahora%2Feconomia%2FHacienda-Anfi-timesharing-turismo-deudas-clientes_0_1023648318.html

Swedish

https://translate.google.es/translate?hl=en&tab=rT&authuser=0&sl=es&tl=sv&u=https%3A%2F%2Fwww.eldiario.es%2Fcanariasahora%2Feconomia%2FHacienda-Anfi-timesharing-turismo-deudas-clientes_0_1023648318.html

French

https://translate.google.es/translate?hl=en&tab=rT&authuser=0&sl=es&tl=fr&u=https%3A%2F%2Fwww.eldiario.es%2Fcanariasahora%2Feconomia%2FHacienda-Anfi-timesharing-turismo-deudas-clientes_0_1023648318.html

As we receive further information on both of these topics Inside Timeshare will publish it here.

If you have any questions or have any information on any subject published on Inside Timeshare which may be useful to others, please use our contact page and we will get back to you.

Spanish National Television Report on Timeshare

On Sunday night Spanish national Television RTVE aired a report on the world of timeshare, this Spanish version the BBC’s Panorama is a popular program and delves very deeply into the subjects it follows. The program called Repor (Report) focused on the major timeshare operators and interviews many consumers who have purchased what are now illegal products.

Although the report is in Spanish it is not too difficult to follow, especially for those who have been caught up in these contracts.

The presenters of the program also interview two of the lawyers from Canarian Legal Alliance, Eduardo Álamo and Eva Gutiérrez.

We see Eduardo with his clients who purchased with Anfi around 2011, with the couple also explaining their own story. We later see the couple emerge from the courts after their case had been heard where they express some relief at the process now coming to its finale.

Later in the program, there is an interview with Mr Hoyer from Norway, who had a rather long and drawn out case against Anfi. He originally lost in the Court of First Instance, this case was heard before the Supreme Court ruled and set the law in stone. His case then went to the High Court on appeal which he won. Anfi appealed to the Supreme Court and lost with the court confirming the findings of the High Court. (You can read his story in the link below).

Eva Gutiérrez also explains the investigations into all the companies involved and tied up with Silverpoint, she shows the chart which is the company structure all under the umbrella of the Limora Group.

The companies featured in this program are Anfi, Silverpoint, Ona Group and Club la Costa, all were approached for comment yet all declined. That to us at Inside Timeshare is a very telling point, they have nothing to say in their own defence, they all know that they have broken the laws of Spain with their practices and still deny that they have done anything untoward.

As soon as the program has been edited and highlights with subtitles are available Inside Timeshare will publish here, please see the link to the original program and if you can understand Spanish you will be surprised at the depth of the report.

If you have purchased a timeshare in Spain since 5 January 1999 and would like to know if your contract contravenes the law, please use our contact page and we will get back to you with the options available to you.

http://www.rtve.es/m/alacarta/videos/repor/repor-atrapados-multipropiedad/5500078/?fbclid=IwAR0C0yj2DeK0A1rr8p1IROb0ZFZaqQk9yJCFhotSQf_Rhv-v5FuLeCVObik

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