Spanish Supreme Court Ruling Tag

RDO / Posts tagged "Spanish Supreme Court Ruling"
Timeshare Information and Advice
18 Mar 2016

Supreme Court Rulings 2015: Update

Last year there were two Supreme Court rulings made against Anfi in which two perpetuity contracts were declared null and void on the basis that the membership was for a duration of more than 50 years. RDO concurred with Anfi's conclusion at the time that there had been a misinterpretation of the law in Spain as it applies to timeshare schemes in existence before Spain implemented the provisions of the first Timeshare Directive in 1998. Clarification was sought by Anfi earlier this year from the Property Register and Notary Head Office, which was responsible for authorising the registration of the pre-existing schemes...

Chief Executive Blog
4 Aug 2015

Always Look On The Bright Side Of Life…..

So the song goes, and when we heard last week of the second ruling of the Spanish Supreme Court against Anfi Sales, it is fair to say there was a degree of disappointment, but after some initial reflection and review, the Python’s song title comes to mind and we need to move forward. The first ruling against Anfi Sales baffled most lawyers in the industry, as it appeared to fly in the face of the transitional provisions that the domestic Spanish legislation put in place back in 1998 to allow for existing timeshare schemes that were for more than 50 years....