Spanish Timeshare industry being punished by the Supreme Court

Editorial transparency and use of artificial intelligence

This article forms part of the CostaLuz Lawyers blog and is published for general informational and educational purposes only. It was prepared with the assistance of artificial intelligence tools and, before publication, was substantively reviewed and editorially approved by Maria de Castro, a Spanish-qualified lawyer registered with the Cádiz Bar Association under number 2745, founder of CostaLuz Lawyers and the person responsible for the editorial review of the published content.

This article does not constitute legal, tax, immigration, employment, estate-planning or investment advice and does not replace an individual assessment and the professional work of the appropriate CostaLuz Lawyers specialist. No action or omission should be based solely on this information.

The Timeshare industry is being heavily punished by the Spanish Supreme Court as, in most of the cases; contracts were drafted against formal requirements of the Law. The Supreme Court is condemning Timeshare companies to refund clients a proportional part of all payments made by them. Being the proportion based on the number of years that the timeshare has been used over a period of 50 years.  The Supreme Court is also condemning related financial institutions to refund amounts jointly and severally with the Timeshare companies.

CostaLuz Lawyers have so far  helped clients in these timeshare developments:  Diamond Resorts, Club Primavera, Anfi Sales, S.L., Palm Oasis, S.L, Fairways Club, Club Olympus, Promotora Inmobiliaria Balear, CLC World Member Services, Anfi del Mar, The Leila Playa Club, Onagrup, Inmobiliaria Alcanada, Agencia La Nao, S.L, Atlantic Leisure Group, S.A., Chayofa Country Club, Atlantic Leisure Group, S.A, Elite Club Resorts, Pueblo Evita – Fairways Club, Fuerteventura Life, S.L., Heritage Resorts & Hotels

Aviso Legal: El contenido de esta pagina se ofrece unicamente con fines informativos y educativos generales. No constituye asesoramiento juridico y no debe interpretarse como tal. No se deben tomar acciones legales basandose unicamente en este contenido sin consultar previamente a un abogado. Cada caso requiere un analisis personalizado segun sus circunstancias especificas. CostaLuz Lawyers no asume responsabilidad por acciones tomadas o no tomadas en base a este contenido.

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