The Courts Side with Consumers

The Spanish Courts have once again sided with the timeshare consumer against the timeshare industry, this his time it is a massive achievement by the lawyers of Canarian Legal Alliance and a severe blow for Silverpoint and Beverley Hills Club. So what have they achieved now?

Lawyers from CLA

As we know Silverpoint has been using delaying tactics and the moving of funds in order to escape payments to clients ordered by the courts. Obviously this tactic is causing a great deal of stress to the clients who have seen nothing but deception from Silverpoint over the years, losing thousands in the process.

But that has now all changed, lawyers from Canarian Legal Alliance have secured “embargos” on 6 properties in the Beverley Hills Club, securing funds 100% for their clients. So what is an “embargo”?

In simple terms, the properties have been seized until such time the client is paid out what they are owed. In the event that the client does not receive the funds then the courts have the right to auction off the properties in order to pay the client.

Now, when you consider, that the average value of the apartments is around 250,000€ each that is 1.5 million euros secured so far. In the case of one British client, the court has awarded just around 13,000€, yet this client now has the apartment allocated to him in his purchase embargoed to secure their payment. This is going to prove very expensive for Silverpoint and indeed Beverley Hills Club.

Silverpoint along with other timeshare companies may try to move fund around to avoid payment but this latest move by the lawyers of CLA and the courts will go after the properties to secure justice for the consumer.

Beverley Hills Club is the first, CLA will be extending this to the other “Clubs” within the portfolio of resorts. They have also indicated they have sufficient documentary proof that all the companies are linked and are responsible for each other. So for CLA clients with cases against Silverpoint, this is a first and that there is indeed light at the end of the Tunnel.

This is also good news for clients of other timeshares where the company using the same delaying tactics, we already know that Anfi has had embargos placed on their accounts, how long before the properties are also subject to the same?

Do you own with Silverpoint and want to know where you stand legally with your contract, are you being contacted with horror stories that you are going to lose everything?

If you want to know your legal position and options on how this latest news affects you, then use our contact page and get the facts from Inside Timeshare.


One Comments

  • Sue Mallendine

    September 23, 2019

    Hi Charles, Last September I purchased an investment in Twin Lakes Country Club. I purchased it from Aspiratico in Tenerife, for £14,950.00. I have recently heard through the grapevine that this is going the same way as a Silverpoint. A Company called “Timeshare Consumer Association.org.uk”has been in touch and want to speak with me further on this. Can you tell me if they are a reliable concern please Charles, as I have got to the point where I don’t trust anyone. I did mention Twin Lakes to you once before, about getting solicitors involved, but you mentioned about proving it was signed in Spain etc. If you can please just verify that it is a legit Company Charles I would be most grateful.
    Regards
    Sue Mallendine

    Reply

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