Progress slow on Europe-wide implementation of new Directive
Nearly two months after the formal deadline given for the implementation of the new EU Timeshare Directive, only eleven European countries have completed the process. Work is continuing to reach the same level of consumer protection across the rest of Europe.
The Directive has already been implemented in Austria, Czech Republic, Denmark, France, Germany, Greece, Malta, Netherlands, Portugal, Sweden and the UK. Luxemburg and Slovakia are expected to have new legislation approved shortly whereas other countries including Spain are lagging behind in the process and have yet to confirm when the Directive will be implemented.
The new Directive aims to provide protection for consumers in respect of certain aspects of timeshare, long-term holiday products (also known as holiday clubs), resale and exchange contracts.
A summary of the main points covered by the new legislation and up to date information on its implementation across Europe is available on the RDO website: http://www.rdo.org/node/714
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