We are pleased to inform you of this week’s Spanish court victories. M1 Legal secured 8 positive results with a total amount awarded of £77,134.
The substantial awards are listed below:
We also had 6 further wins, 2 from the first instance which were against Anfi and Wayfair. The other 4 positive judgements were appeals, 3 were against Anfi and 1 against Tasolan. Total amount awarded - £37,548.
7 Jurisdiction Victories valued at £228,976.58
6 jurisdiction victories this week were all Club la Costa (with a claim value of £209,174) and one against McDonalds Resorts (£19,802). The defence argued that the cases should not be heard in Spain however, the judge has overruled they all can. With reference to all 6 Club la costa cases, the judge declared that the Mercantile court in Spain is where these cases should be heard. The McDonalds case was an appeal and M1 Legal won this too. All 7 cases will now move forward.
Well done to all involved in this week's results!
During the Timeshare sales boom of the 80s & 90s, potential buyers were lured in by the promise of affordable exotic holidays, flexible exchange programmes and the impression that Timeshare would be a valuable "investment".
In an industry with little or no regulation, high pressure sales tactics were rife and contract smallprint was often glossed over and explained away by sharp salespeople.
Many Timeshare buyers were therefore unaware that they were actually making significant, long term financial commitments on behalf of themselves and their families.
To find out how you can escape the Timeshare Trap please complete the short Timeshare Release Wizard now.
For many Timeshare owners, annual maintenance fees were barely considered token amounts in the early "honeymoon period" of ownership.
However, year-on-year increases imposed by the resorts over time now mean that the maintenance fees have risen to become substantial sums.
Owners are also facing the prospect of ongoing yearly fee increases and realising that they (and their families) are often committed to long term contracts for generations to come.
Please try our Future Fees Calculator to estimate your liabilities over the term of your Timeshare contract, based on an annual increase of 7.5%.
If you're concerned about rising fees and how to escape the Timeshare Trap, please contact us today.
Recent comments from RCI Timeshare owners who have come to us for help with contract cancellation:
“We 'swapped ‘another place in Tenerife for this in order to move to the points system. Since then, getting exchanges to desirable resorts proves almost impossible, irrespective of in-season or off-season.”
“I purchased my timeshare in 1999 and have been a timeshare member ever since. More often than not, I have not be able to go where I wanted and have ended up giving a few weeks to Friends, etc to book somewhere they wanted in order not to lose the weeks. I have then stayed in a hotel!! I am desperately trying to get rid of the timeshare and am now paying Timeshare Shop in Manchester to get rid of it for me.”