Silverpoint and the recent Supreme Court rulings. Nº 16/17

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Offline jcorrea-lawyer

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Silverpoint and the recent Supreme Court rulings. Nº 16/17
« on: February 04, 2017, 09:57:56 »
The first judgment of the Supreme Court has proved to be a real surprise for many, although expected by others (among which I include myself). There have been many proceedings before the Courts of First Instance and the Provincial Court of Santa Cruz de Tenerife (now onwards, Court of Appeal or just CoA) against the group of companies headed by Silverpoint Vacations, S.L. Initially lower court judges started deciding in favor of consumers, declaring the contracts null and void. The issue radically changed when the CoA started to review the judgements. His first decision was no. 26/2014 of July 4, 2014. This judgment reviewed the case of a customer who had purchased at Club Paradiso and considered this as a Holiday Club. Holiday clubs as such were not included in Law 42/98 (now they are with Law 4/12) so the CoA declared that it was not applicable (interpretation pro Law)...

Read more: http://www.correaguimera.com/timeshare-in-spain/silverpoint-and-the-recent-supreme-court-rulings-n-1617-i [nofollow]

« Last Edit: February 04, 2017, 10:02:56 by jcorrea-lawyer »
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Offline jcorrea-lawyer

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Silverpoint and the recent Supreme Court rulings. Nº 16/17
« Reply #1 on: February 07, 2017, 08:37:28 »
Absolutely Stephen, and don't forget that this decision also declares buyers as consumers, not investors, thus all the "investment schemes" have to be deemed at the light of Law 42/98.

There have been four more rulings on different legal issues concerning Silverpoint. I will summarize one by one each of these judgements and post an article in my web.
Bringing legal advice on Timeshare matters throughout Spain.
Lawyer nº 1071 of the Las Palmas Bar Association. Canary Islands.
http://www.correaguimera.com [nofollow]