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.


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