If you don’t know which route is right for you or where to start, our team of advisors are ready to talk and advise you on the best course of action for you. If you, like many other owners, have signed timeshare purchase agreements which have since been deemed null and void failed to fulfil the obligations to make them legal though having. In such instances it may be possible to process a claim.

Spanish Supreme Court

On March 16th, 2015, a ruling set by the Spanish Supreme Court came into effect following the European Directive (implemented in Spain by Real Decreto – ley 8/2012). These regulations actually regulate timeshare, long-term holiday products, resale and exchange products and have set a precedent that has brought about big changes to the timeshare industry.

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A perpetuity is an annuity in which the periodic payments begin on a fixed date and continue indefinitely. It is sometimes referred to as a perpetual annuity. Fixed coupon payments on permanently invested (irredeemable) sums of money are prime examples of perpetuities.

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The Misrepresentation Act 1967 in effect, states that a misrepresentation is a false statement of fact which induces the representee to enter a contract. Where a statement made during the course of negotiations is classed as a representation rather than a term, an action for misrepresentation may be available where the statement turns out to be untrue.

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