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La Provincia

Lopesan Buy Out the Lyng Family´s 50% of Anfi.

So it has finally happened, the news broke yesterday afternoon that Ragnar Lyng, the heir to the late Bjorn Lyng founder of Anfi, has sold his 50% share to Lopesan IFA. It is reported that Lopesan has paid 41.3 million euros with the papers having now been signed.

The deal has been on the cards for around ten years, since the death of his father none of the Lyng family have lived in Gran Canaria. All of the legal problems that have beset the partnership with Santana Cazorla have been bitter and very public. There have been battles over control of the board, court cases involving millions of euros which have been diverted to the Cazorla Group, as well as a long running court battle which also involved Lopesan.

 

The newspaper La Provincia 7/2/2013 reported that Santana Cazorla provided a Promissory note to avoid foreclosure of ANFI by Lopesan who claimed a debt of 14 million euro. Lopesan claimed the ANFI Group owed 14 million euros for the land in Tauro purchased from the Cardenas family. Lopesan claimed it was owed this as they had bought a Cardenas debt.

The Lopesan Group is well known on Gran Canaria, it has many hotels which are of a very high standard, 3 of which are located in Meloneras. Lopesan has no timeshare interest and are purely a hotel chain, so this begs the question what are their plans? Will the Anfi resort become another all inclusive, what is going to happen to the timeshare owners?

 

Over the past 18 months Anfi have been beset with severe legal problems, the Supreme Court has made a staggering 17 rulings against Anfi. These cases which have been brought on behalf of purchasers of the Anfi timeshare product by the local law firm Canarian Legal Alliance, has cost the Anfi group millions of euros. There are still over 100 cases waiting to be heard by the Supreme Court, with hundreds more pending at the lower courts.

 

Along with the investigations into the Tauro Beach project, which has already resulted in the head of the Canarian Coastal Authority being sacked, there is the possibility of more court cases of a much more serious nature in the pipeline. Could all this be the reason that Santana Cazorla himself has “retired” to Morocco as published in a previous article, the fact one of his bitterest rivals is now a 50% shareholder, along with the possibility of charges over Tauro Beach, does make it look like he has actually “done a runner”.

 

The main question now is what is going to happen in respect of the Anfi members, will this new partnership of “enemies” have an effect on the resort? Are Anfi still going to be selling its product, or is the sales side going to close? These and many other questions will eventually be answered and Inside Timeshare will publish the news as it comes in.

 

Search Anfi for all the articles previously published, click on the links below for some of the main events.

 

If you have any questions about this subject or any other article contact Inside Timeshare and we will try to answer them.

 

http://thecanarynews.com/anfi-del-mar-sold-to-ifa-for-e41m/

 

http://insidetimeshare.com/great-anfi-battle-partners/

 

http://insidetimeshare.com/anfi-boss-cazorla-going-morocco-retirement-escape/

 

http://insidetimeshare.com/irregularities-anfi-tauro-beach-project/

 

CLA Client Receives Payment from Anfi.

Yesterday 30 August 2016, Canarian Legal Alliance announced that one of their clients has received the money awarded by the courts.

 

CLA Logo

Earlier this year the client had a favourable decision by the High Court Number 3 of Las Palmas, this was once more against Anfi. This court again used the Supreme Court Rulings in reaching their verdict. The Client will receive over 33,000€ plus interest and legal fees, CLA reports that the client is still yet to receive this interest and legal fee payment as it is dealt with separately.

 

It appears that these cases are not only getting to court quicker, but the payments are being received by the client in a much speedier manner. This is proof that the rulings made by the Supreme Court are having a profound effect on the lower courts.

miguel1
Miguel Rodriguez Cabellos Senior CLA lawyer representing the clients

This is obviously another blow for the Anfi empire, with more cases still in the pipeline including over 100 still to be heard at the Supreme Court. What with all the legal wrangles over the Tauro Beach Project, in which work has been suspended pending the investigation by the Guardia Civil’s Nature Protection Service (SEPRONA). Also there is the matter of the complaints made to the Guardia Civil by the residents of Tauro for damage caused by the floods on 4 August. There is no doubt another court case will be in the offing for compensation.

seprona

 

 

 

 

 

 

Along with the news which was published by La Provincia about the Anfi boss Santana Cazorla, who is reportedly taking “refuge” in Morocco, things are not looking that good for Anfi. So this again begs the question of where is all this going to leave Anfi and above all you the members?

 

The past is certainly starting to catch up with this company, who are no strangers to controversy, Inside Timeshare has highlighted some of these in past articles. (see links at the foot of the page).

 

If you would like more information on these judgements and how they may affect your contract, Inside Timeshare will try to answer any questions. These Supreme Court rulings also apply to other timeshare companies, and we will be happy to give you the information as to how they may also affect you.

 

http://insidetimeshare.com/great-anfi-battle-partners/

http://insidetimeshare.com/anfi-tauro-beach-project-people-flooded/

http://insidetimeshare.com/tauro-beach-project-latest-news/

Anfi Boss Cazorla Going to Morocco: Is it Retirement or Escape?

 

 

Irregularities in Anfi Tauro Beach Project

How much worse can it get for the Anfi Group? Just as we have seen even more rulings from the Supreme Court against the timeshares sold by Anfi, and the numerous cases being brought by the law firm Canarian Legal Alliance, we now have a new investigation. This time it concerns the Anfi project at Tauro Beach in the municipality of Mogan.

Anfi-Beach-Construction-3-1

La Provincia, a Spanish Daily published a story on 24 July 2016 that the Department of Sustainability of the Coasts and the Sea, which comes under the Ministry of Environment had dismissed the head of the Canary Islands Coastal Authority, José María Hernández Leon. It appears that his dismissal is based on serious irregularities found in the permissions granted to the Anfi Group for the project. This project is for the creation of a new beach, boardwalk and other facilities at the mouth of the Barranco de Tauro.

 

The Guardia Civil have challenged the legality of the authorisations granted to Anfi to occupy over 3km of the coast. SEPRONA, which is the Nature Protection Service run by the Guardia Civil have been conducting an investigation into the Anfi Group who are the promoters of the project since work began in February this year.

gc-seprona

 

 

 

 

 

 

 

 

The Anfi Group which is a partnership between the Lyng family and the Construction Company Santana Cazorla, have been given a 50 year tenureship of the area. With the project having an impact on several homes and a camp site which need to be relocated, but this has hit problems. Two reasons have been given for this, one is that the proposed relocation site would disconnect them from the community and that it also overlaps the site for the planned roundabout for access to the beach.

tauro homes

The partners themselves are no stranger to controversy, in the past there have been hints and allegations into possible corruption, although nothing was actually proven. Could this be the tip of another allegation? After all, for the Guardia Civil to be investigating it must be serious, only time will tell. (see link to previous article The Great ANFI Battle of the Partners)

 

We shall be keeping an eye on this case as it develops, La Provincia is renowned for chasing stories such as this and is widely read. For a more in depth report follow the links below, one is for La Provincia, the other is to the English translation of the story published in The Canary News.

 

http://www.laprovincia.es/gran-canaria/2016/07/23/destituido-jefe-costas-canarias-irregularidades/845420.html

 

http://thecanarynews.com/tauro-beach-investigation-underway/

 

http://insidetimeshare.com/great-anfi-battle-partners/

 

The Great ANFI Battle of the Partners.

anfi logo

What is actually happening at the ANFI Group

 

Apart from newspaper articles in the Spanish Press very little is being said, it appears the members are being kept in the dark. Well I suppose this is nothing unusual in the timeshare industry.

 

ANFI is owned by two factions on an equal 50/50 basis, on one side are the Spanish owners:

 

Santiago Santana Cazorla who is also the president, his Brother Manuel and Anfi Group CEO Arturo Ramirez.

Santiago Santana Cazorla Santiago Santana Cazorla

Then there is the Norwegian part of the company represented by the heir to the late Björn Lyng, his eldest son Ragnar Lyng.

 

It appears to have originally started around 2010 When the Norwegian family demanded Sr Cazorla´s resignation. All seemed to be well and no real arguments ensued. Then sometime between 2012 and 2013 it appears that around 8 million euros “disappeared”.

 

Apparently the Lyng´s noticed the diversion of these funds while a lawsuit was pending between Santana Cazorla and Lopesan at The Court of the First Instance No1 of Las Palmas.

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