Can any of our legal minds give an answer to this statement at the Palm Oasis Agm are they right. We have two contracts one for use of week and one for maintenance both for perpetuity Also can any checks be done to see if there were any court cases it seems a short period to get cases through a Spanish court from march when ruling was given by Spanish Supreme Court to November if this it is not true what would the implications of this statement as it has been said at an Agm and sent to all members
The floor was then given to our legal advisor Mr Alvaro Campanario Hern6ndez who reported that this year the Supreme Court of Spain has pronounced two judgments against the Anfi Group which have attracted a great deal of media attention, and they are being used to try and convince some owners through misleading advertising to file for the termination of their contract. However, it is necessary to explain that these sentences only affect Anfi and do not apply to Palm Oasis, because the sales systems are different, as Anfi transfers the right to be a member of a Club and Tasoldn, S.L. has transferred undivided quotas of property rights of an apartment, thus becoming co-owners of an apa rtment. During the year 2015, section 5 of the Provincial Court of Las Palmas has given judgement regarding TasolSn, S.l. and has confirmed that the judgments of the Supreme Court do not apply to Palm Oasis for the reasons stated. He also informed us that for more than two years Tasoldn, S.L. has not received any claim for contract termination. This is because: 1n.- all this time all judgments received have been in favour of Tasoldn S.L. and 2nd.- as we have informed you, there is a protocol for contract termination in Palm Oasis allowing owners who, for reasons of age, health or any other, cannot continue to enjoy their apartment, to terminate their contracts and to receive the residual value of the weeks, as long as they are up-to-date regarding the payment of the maintenance fees of the Community.
