Henley business and Thames Valley Chamber of Commerce member European Consumer Claims (ECC) has got 2023 off to a powerful start.
Timeshare companies are currently being financially penalised by courts for over two decades of lawless behaviour.
Many resorts gave up and ceased operating in the face of the significant amounts of money awarded against them. Some companies continue doggedly trading, but are spending fewer resources in making (ultimately doomed) attempts to defend compensation claims. Others have been fighting, and consistently losing, a war of attrition through the courts with companies like ECC’s law partners M1 Legal.
Club La Costa is an example of a company firmly in the latter camp. A strategy that was relatively effective in the days when owners tried to handle the process themselves.
Claims firms like ECC now manage claims on behalf of clients. Their associated law partners M1 Legal always stay the course, patiently overcoming every obstacle that timeshare companies employ to avoid honouring their legal obligations.
One example of “obstacles” is Club La Costa using multiple entities to issue membership contracts, rendering the financial relationships more opaque, thereby attempting to make it more difficult for their victims to claim against them.
“ECC and M1 Legal, are working hard to reveal those assets to their creditors,” confirms Andrew Cooper, CEO of European Consumer Claims.
Despite January traditionally being a quiet month for court action, M1 have already secured twenty one financial compensation awards on behalf of ECC’s timeshare clients.
One jubilant couple from Margate in Kent were awarded the life altering amount of £69,707 from Canary Island timeshare leviathan, Anfi Del Mar. A welcome sum, following the expenses of the Christmas holidays.
The January compensation successes totalled £282,899. The top three resorts in terms of award winnings were:
- Anfi, with three victories totalling £94,878
- Club La Costa had twelve award judgements against them adding up to £178,110
- Two cases were won against Diamond Resorts Europe. They were worth £22,803
“Because of the large volume of illegally sold timeshare owners seeking redress, ECC filters out the strongest claims to take forward,” says Cooper. “This helps us maintain our 98.6% success rate with timeshare claims.”
