Check if they have a website, and more importantly check when the domain was registered, below we list the sites which may assist: UK Company check:https://find-and-update.company-information.service.gov.uk/search/companies?q, Spanish Company check:http://www.infocif.es/, Domain check:https://whois.domaintools.com/. Barclays Bank has been forced to compensate 1,500 customers who were missold timeshare loans worth up to 48 million by Maltas Azure Services, a Corinthia-owned tourism and timeshare company at the Radisson Blu Golden Sands. IF YOU FEEL YOU HAVE BEEN MIS-SOLD , YOU PROBABLY HAVE.FOR FREE ADVICE AND GUIDANCE ON YOUR BEST WAY FORWARD THEN GIVE US A CALL . Barclays Bank has been forced to compensate 1,500 customers who were missold timeshare loans worth up to 48 million by Malta's Azure Services, a Corinthia-owned tourism and timeshare company at the Radisson Blu Golden Sands. Azure Resorts Limited, which manages Golden Sands Island Residence Club based in Malta, (Island Residence Club, The Heavenly Collection (including Sands Towers)), and Azure XP Limited, which manages Azure XP Membership Club, have both entered into liquidation on 27th April 2020. You may change or cancel your subscription or trial at any time online. Facebook; Once again it is Alex Lawson of Alvarez and Marsal of the Cayman Islands who has been appointed administrator, as we know he and his company are behind the mass liquidations of all of the companies owned by the late Robert Bob Trotta. The tourism and timeshare company centred on the Radisson Blu Golden Sands filed for liquidation in May 2020. Kindly check your inbox after sign-up to confirm subscription. A voluntary winding up typically takes between 12 and 16 months from the date of the decision to wind up the company. You also have the option to opt-out of these cookies. The target date for the completion of Air Malta's restructuring plan has been extended to the end of the month as the "sensitivity" of the task made it more difficult to meet the early January deadline, Timesofmalta.com reported. For these to work the social media will set cookies through our site which may be used to enhance your profile on their site or contribute to the data they hold for various purposes outlined in their respective privacy policies. We'll assume you're ok with this, but you can opt-out if you wish. Judge Timothy Herrington said the FCA acted unlawfully in giving a validation order - that meant Barclays could enforce the loans because the regulator had not considered the evidence of potential consumer detriment, albeit unsubstantiated at this stage. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. If you want to know more about what cookies are and how to control them, aboutcookies.org is a great resource. According to the Financial Conduct Authority of the UK, buyers claimed that the footballers links with the hotel were highlighted by sales staff who brokered 1,444 loans with Barclays bank - the Times of London reported. Around 80 people lost their jobs right before Christmas. Copyright 2023 Timeshare Termination Team. Please find attached a letter we have been asked to forward to you by the joint liquidators. If youd like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. The first creditors meetings have taken place with regard to the various Azurecompanies. Please know what you are buying these are not beads, These are crystal stones set into a brass setting. The window is a towering rock formation reaching 328 feet (100 meters) high with a . Creditors have been notified that on May 11 a telephone conference would be held to appoint Richard Galea Debono as liquidator. Information coming direct to KwikChex and in the media in Malta appears to confirm that timeshare ownership at the Golden Sand Resort in Malta will not be affected by the insolvency proceedings taking place concerning Azure Services Malta, which operated as the sales & marketing company for timeshares at the resort. Login below for access to exclusive content. Click here to browse all stories. But Malta's Azure Window, known as Tieqa tad-Dwejra in Maltese, graced glossy marketing brochures since tourism began here and in many ways, the 50-meter-tall arch came to represent Malta itself. Information coming direct to KwikChex and in the media in Malta appears to confirm that timeshare ownership at the Golden Sand Resort in Malta will not be affected by the insolvency proceedings taking place concerning Azure Services Malta, which operated as the sales & marketing company for timeshares at the resort. There Are Now Zero COVID-19 Patients In Maltas ITU, Get Nominating Now! Azure Resorts Limited, which manages Golden Sands Island Residence Club based in Malta, (Island Residence Club, The Heavenly Collection (including Sands Towers)), and Azure XP Limited, which manages Azure XP Membership Club, have both entered into liquidation on 27 th April 2020. If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for $69 per month. The landmark Azure Window, off the Maltese island of Gozo, has collapsed into the sea during a storm. ForAzuretimeshare owners, the principal interest is in the continuing right to use their weeks at the resort and KwikChex is advised that there is no change to previous statements in this regard i.e., that the rights will continue as soon as the travelrestrictions related to Covid-19 are lifted. The UK financial conduct authority is investigating 54 million of loans made to timeshare buyers at the Golden Sands resort, a Radisson Blu franchise now owned by InternationalHotels Investments. Azure Services, a Corinthia-owned tourism and timeshare company at the Radisson Blu Golden Sands, has filed for liquidation amid the COVID-19 pandemic, leaving roughly 30 jobs at risk. Following a company announcement made by International Hotel Investments plc (IHI) on 11 December 2019 whereby it informed the market that the operations of the Azure Group were being scaled down given that its allocation of timeshare at the Golden Sands Resort had been largely sold out, the company issued another announcement on 5 May 2020 which Caroline Hodgson/AP An iconic Maltese natural rock arch collapsed into the sea Wednesday. The telephone number:01935 548 026, the STD code is for Yeovil in Somerset; although we very much doubt that any such company exists in Yeovil. These cookies do not store any personal information. This change was brought about by the recent construction of a 215 megawatt combined-cycle gas turbine (CCGT . This website uses cookies to improve your experience. In addition, shareholders have also reaffirmed that the Golden Sands Resort will fully honour all timeshare commitments arising from obligations entered into with existing members. Gain a global perspective on the US and go beyond with curated news and analysis from 600 These cookies will be stored in your browser only with your consent. Executive RDO acknowledges that this is a very uncertain time for owners at either of the Clubs managed by the companies in liquidation, but would strongly advise owners to be very cautious regarding any approaches made regarding compensation claims, as we have seen many examples of attempts to defraud consumers in similar circumstances. The Azure Window during happier times. Timeshare Group in Liquidation Hits the News Again. Independent journalism costs money. At this stage, it is not clear how this may affect a number of issues, from continuing timeshare ownership, to the ongoing matters concerning legal challenges made regarding loans made for the purchasing of timeshares through Azure during the period between 1 April 2014 and 24 April 2016. The bank said it did not believe there were issues with affordability checks on the Azure loans and considered it "reasonable" that customers should repay them. We recently published a revised version of our. For more information regarding this article or assistance in any other timeshare related issues please contact the TCA on 01908 881058 or email: info@TimeshareConsumerAssociation.org.uk, Timeshare Consumer Association is a company limited by guarantee registered in England under number 12662338. Please find attached a communication regarding the appointment of a new Club Manager for Golden Sands Island Residence Club, The Heavenly Collection, Azure Experiences Membership Club (Azure X). . The Joint Liquidators are currently in discussions with third parties to appoint a new manager to the Clubs, and once this is completed owners will be able to use their timeshare entitlement in accordance with the relevant Club constitutions, rules and regulations. A company that is not resident in Malta is taxable on chargeable income and capital gains arising in Malta (unless such income/gains are subject to a specific exemption). IHI owns 50% of the Golden Sands Resort and the Azure Group. Website Terms & Conditions We would also urge Azure timeshare owners to be very cautious regarding any approaches made regarding compensation claims. Timeshare Consumer Association Limited is registered as a data controller with the information commissioners office (ico) under registration number: ZA765267. Premium access for businesses and educational institutions. Well this is a bit difficult to deduce. KwikChex will provide free information assistance to any consumers affected by such matters. Telephoning from outside the UK: 00 44 1823 510625. Creditors will need to provide a list of what theyre owed so the company can estimate the amount of their claims. 2020 KwikChex Ltd. Turning to the website, it was only registered on16th September 2020and is set to expire on16th September 2021. On 28 April 2020, Mr Wesley Edwards of CVR Global (B.V.I.) He said he was assured he would be able to sell the one-bedroom apartment in 2015 when it would be worth 24,000 but has been unable to find a buyer. Premium Digital includes access to our premier business column, Lex, as well as 15 curated newsletters covering key business themes with original, in-depth reporting. With regard to consumers that may have already been seeking to relinquish their timeshares or are actually involved in claims processes, these will need further assessment and KwikChex will be pleased to assist upon request. I maintain all support systems and hierarchies that our reporting is based upon. journalists in 50+ countries covering politics, business, innovation, trends and more. KwikChex has been in contact with the liquidators, who continue to reassure that the benefits of timeshare ownership will remain. "Today Inside Timeshare has been notified that Azure Services Limited, the sales and marketing company behind the sales of timeshare and vacation club memberships at the Radisson Blu Resort and Spa, Golden Sands in Malta has now filed for liquidation. This website uses cookies to improve your experience while you navigate through the website. The UKs financial conduct watchdog is investigating 54 million in loans made to Golden Sands timeshare buyers. We are not sure how this scam will pan out but there will certainly be a request for a financial payment to progress whatever they are promising. Alternatively, fill in your details and we will call back. Video taken by bystanders . TA1 4EB, (Please contact us by web form, email or phone for quickest response), Registered in the UK But opting out of some of these cookies may have an effect on your browsing experience. Customers had complained that the terms of the loans were not explained to them, and that proper credit checks were not carried out and that they were pressured into signing deals. Back in December last year Inside Timeshare reported that Azure Services Ltd had ended the sales of timeshare, this resulted in the loss of around 80 jobs. Azure Services Limited is an MFSA registered company currently owned by Corinthia and Mediterranean Overseas Holdings Limited. Azure Kubernetes Service Edge Essentials is an on-premises Kubernetes implementation of Azure Kubernetes Service (AKS) that automates running containerized applications at scale. The incident was a result of years of erosion, according to experts. The question that Inside Timeshare asks now is who are the creditors? Are they all those consumers who purchased the investment weeks and never received the rentals or the sales they were promised, or is it just another way of avoiding the possibility of legal action in the Maltese courts against Azure, just like Silverpoint in Tenerife?. Inside Timeshare published the 6 part series on the liquidations of Limora Investments Ltd and other companies in the group and the reasons behind them, see the link to all the articles below. Malta (356) 2247 6100 info@premium.com.mt. That is to say, it was all planned to save as much cash as possible for the " Trotta " heirs. Around 80 people lost their jobs right before Christmas. We have been advised by an Azure consumer of an important update from the Joint Liquidators. If they know more about you than they should, thats also not a good sign. Major shareholder Corinthia Group expressed its intention to conduct the liquidation process in an orderly manner and that timeshare owners would continue to enjoy the same service and benefits as they had in past years. LTD. (Singapore, 8 Feb 2019 - ) If you are approached, get all the details you can preferably asking those that make the approaches to put details in an email to you. You can configure or reject the use of cookies or obtain more information in our Privacy Policy. Lovin Malta has spoken to previous customers of the timeshare operation who regularly described loans with generally high-interest rates. Sign in to get trip updates and message other travellers.. Malta ; Hotels ; Things to do ; Restaurants ; Flights ; Holiday Rentals Future of Air Malta. Please enable Strictly Necessary Cookies first so that we can save your preferences! KwikChex continues to urge caution regarding any approaches to timeshare owners by businesses offering compensation services and will be pleased to help owners evaluate any such approaches. Simply log into Settings & Account and select "Cancel" on the right-hand side. Build in the cloud with an Azure free account Create, deploy, and manage applications across multiple clouds, on-premises, and at the edge Start free Pay as you go Popular services free for 12 months View all services + 55+ other services free always View all services + Start with USD200* Azure credit It said it was facing a number of litigation claims from clients who allege misrepresentation. All content on this website is dependent on the opinion of the author. For all the latest news and views from RDO. The below update was sent to Azure consumers yesterday. Radisson Blu Golden Sands. The resorts owned by Azure - which boasted large lagoon swimming pools and luxury spas - were marketed as being backed by Mr Giggs and Mr Neville, who was made Malta's tourism ambassador in the. He said: I cant believe I fell for it. Kindly check your inbox after sign-up to confirm subscription. Liquidation is a formal insolvency process governed by the Act the purpose of which is to protect an insolvent company's creditors. For more information regarding this article or assistance in any other timeshare related issues please contact the TCA on 01908 881058 or email: info@TimeshareConsumerAssociation.org.uk, Timeshare Consumer Association is a company limited by guarantee registered in England under number 12662338. If you are an Azure Ultra Club Member and have not received this advice, or have concerns about the content of the advice, please contact us and we will provide free assistance. Registered Office: Artemis House, 4a Bramley Road, Mount Farm, Milton Keynes, MK1 1PT. Malta 'It's heartbreaking': Maltese mourn collapse of Azure Window arch Limestone arch, landmark which featured in Clash of the Titans and Game of Thrones, crashes into sea after heavy storm. Mediterranean Overseas Holdings Ltd is also another company owned by the late Bob Trotta under the parent company the Limora Group. The company, Azure Services Limited, markets timeshare at the resorts formerly owned by Island Hotels and Winston Zahra, of which Manchester United footballers Gary Neville becameanon-executivedirectorsin2009 after a 1.1 million investment. With regard to matters related specifically to Azure Services Ltd. such as the review ordered of loans for timeshares that took place between 1 April 2014 and 24 April 2016, this matter remains ongoing. By Cameron Macphail 8 March 2017 4:15pm. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. We use Roger Chessell, a Xagra resident, was at Dwejra when the window collapsed at . university Darrin Zammit Lupi/Reuters By Tamara Best. It is understood Barclays had a contract with Azure Resorts Limited, which was authorised by the FCA for credit broking, but later discovered the staff were employed by the unlicensed Azure Services Limited. You can revoke your consent any time on our Privacy Policy page. If you have any questions on this letter please contact the liquidators at the address provided in the letter. But is it bad? Please ensure you have filled out all required fields, Timeshare Termination Team | Timeshare | Timeshare Exit | Timeshare Claims. There have also been claims that false representations were also made about the loans financial impact. Any changes made can be done at any time and will become effective at the end of the trial period, allowing you to retain full access for 4 weeks, even if you downgrade or cancel. KwikChexis a Registered Trademark, KwikChex Ltd, Nov 2021 - Present1 year 5 months. It pointed out that operations were being scaled down since December as its allocation of timeshare at the Golden Sands Resort had been largely sold out.
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