Browse Tag

M1 Legal

Start the Week: Opt Out Resolutions Consumer Warning

Welcome to the start of another week with Inside Timeshare, we begin today with yet another consumer warning about what can only be described as a “bogus” company. Yet more readers have been in contact with Inside Timeshare to check on the validity of this company and the claims it makes. You will today see that this company is not what they appear to be and we urge caution if contacted by them.

The name of the company is Opt Out Resolutions, they have a website:

https://optoutresolutions.com/

This was registered on 27 November 2018 and the registrant is hidden by privacy protect, this means we are unable to find out who is behind it. The website registration is due to expire on 27 November this year.

According to their website, they are located at the following address:

Canada Square Canary Wharf London E14 5AB

Tel: 0044 (0) 207 183 3515

Email: [email protected]

On the website there are no company details such as Company House Registration or if this is just a trading name for another company. Searches of Company House records show no company registered by the name Opt Out Resolutions.

The most disturbing information which has been given to us by our readers is that this company during their “cold call” claim they are working with and on behalf of a legitimate law firm known as M1 Legal. They are duly registered as a Spanish company with the registration number or NIF B93477016 with all their lawyers duly registered with their respective Bar Associations or Colegio de Abogados.

M1 Legal is also registered in the Uk with the Financial Conduct Authority for “Claims Management Regulation” with the registration number FRN836561.

Inside Timeshare has been in contact with M1 Legal for any confirmation that Opt Out Resolutions are working on their behalf. As you may have already guessed, M1 Legal have no record of this company or any knowledge that they have contracted them to work on their behalf.

According to the website they have a section titled “Recent Victories”, these are in fact taken from the M1 Legal website without their permission and Opt Out are using them as their own.

So this is a blatant lie by the callers and operators of Opt Out Resolutions.

The next disturbing fact is that one of our readers has also sent in the details of the bank account that he should make his payment of almost 4,000€:

Bank name: Open Bank

Account name: Ajalor Jalor

Iban : ES 35 0073 0100 5506 0399 2105

Swift: OPENESMM

Bank address: Paseo de la Castellana 134

28046 Madrid Spain.

Office Address: Calle Conde de Aranda, 1, 2º Izda

Madrid, 28013

These details were sent to our reader from a James Rowe using the email address [email protected]

As you will notice this account is in the name of a private individual (a very strange name indeed) and not a company account, this should always start the alarm bells to ring!

As we always warn our readers that this is a prime example of why it is important to do your homework and research any company that contacts you out of the blue via a cold call. By making these checks you have nothing to lose, but you do have everything to gain such as not paying and losing your hard-earned cash on the false promises of companies such as Opt Out Resolutions.

If you have been contacted by this company please let Inside Timeshare know, If you are contacted by any company regarding your timeshare and especially regarding claims and cancellation of contracts, please use our contact page and we will help you to find out if they are genuine and will do what they say.

Mid Week Report: Some Interesting News

Over the past months Inside Timeshare has been receiving many enquiries regarding ABC Legal and Mark Rowe. Most of the enquiries have revolved around the so-called “exit” which this company has promised to do for a fee, as we already know many of those who took up this service have found they are still liable for maintenance fees and have not been extracted from their timeshare contracts. In all the cases Inside Timeshare has received the client’s timeshare company has informed them that they are still members and that they have never received any correspondence from ABC Legal.

Yesterday Inside Timeshare received news which will obviously be of interest and possibly of great benefit to clients of ABC Legal. On 2 January 2020, ECC announced the completion of the acquisition of assets from Advanced Business Consultants Legal SL, which is the parent company of the many formerly owned by Mark Rowe.

ECC who along with their appointed firm of lawyers M1 Legal, believe that they will be able to help the many clients of all the companies which are part of Advanced Business Consultants and bring their cases to conclusion. They have already set up a dedicated email address for those clients of the many ABC companies to make contact with ECC to discuss what they will be able to do for them. [email protected]

For the full press release please open the PDF link below.

We now move to another very disturbing matter, this time it involves a Tenerife company called Centaurus Mediations SL.

Inside Timeshare received an enquiry from a concerned reader who just returned from Tenerife and had a meeting with Centaurus. According to Centaurus Mediations, they will be able to “extricate” them from their timeshare contract and pursue a “compensation” claim for them, all for the cost of £6000.

Sounds good, there is only one problem with this, the reader sold his timeshare over nine years ago and has not paid any maintenance since then and has never received a maintenance bill since.

So the question is how the hell can this company “extricate” and claim “compensation” for a timeshare this client has not owned for over nine years?

Obviously, they can’t, it is just an exercise to part this person with their hard-earned cash!

Once again this highlights the lengths some of these companies will go to just to line their own pockets.

As we always remind our readers, doing you due diligence and homework will save you from losing thousands.

European Timeshare Law Institute Report

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.

https://www.tetli-institute.com/three-top-timeshare-compensation-specialists-europe

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?