Malta (356) 2247 6100 [email protected]. Turning to the website, it was only registered on16th September 2020and is set to expire on16th September 2021. Hours. Cookies are small files that are sent back and forth with web pages, which can be used to identify that you have previously visited a site or to store small bits of information locally with you. Crowdfunding Campaign To Fund Legal Challenge To DB Group Project Collects 18,000 In Just Over A Week, Get Nominating Now! Barclays told the tribunal that in 2017 it received only 63 mis-selling complaints of timeshare loans, two of which it upheld. KwikChex has been in contact with a number of parties, including trustees and will continue to provide information to the best of our ability. 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. In the case of a Members' Voluntary Winding Up, a Declaration of Solvency (Form B2), which must be signed by the majority of the Directors, must be filed at the Malta Business Registry. Google Chrome This category only includes cookies that ensures basic functionalities and security features of the website. I know there is no such thing as a freelunchbut it was such a good offer. Registered Office: Artemis House, 4a Bramley Road, Mount Farm, Milton Keynes, MK1 1PT. We also use social media buttons and/or plugins on this site that allow you to connect with your social media network(s) in various ways. You can find out more about which cookies we are using or switch them off in settings. Search. A liquidator was chosen in May 2020. Corinthia Group said action regarding the curtailment of employees would be made in line with all local regulations while emphasising that it remained fully committed to the future of the Golden Sands Resort as a high-end luxury destination. This is not the first time that Azure has hit the headlines for all the wrong reasons: https://www.investegate.co.uk/m1-legal/rns/timeshare-mis-sellingthe-next-financial-scandal-/201901171348054103N/, https://www.thetimes.co.uk/article/gary-neville-s-link-to-alleged-mis-selling-of-malta-timeshares-pfxq0tznv. 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. Azure Resorts Limited has entered into liquidation procedures, Anfi Emerald Club resort has become a hotel on call for emergency situations, Anfi begins the easing of its own lockdown with the reopening of its luxury villas in Tauro, https://rdo.org/industry-updates/new-club-manager-appointed-for-azure-resorts/, Harry Taylor, former chief executive of TATOC, has died, Interval International co-sponsors development program for Caribbean Hospitality and Tourism professionals, Interval International hosts 29th Annual Toy Fest to benefit the children of South Miami. 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. timeshares to hundreds of British holidaymakers in 2019. Standard Digital includes access to a wealth of global news, analysis and expert opinion. We will provide members with updates on our progress through the dedicated website https://cvr.global/azure/. 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/. 07376192, Data Protection Policy university Timeshare Group in Liquidation Hits the News Again. 386] regulates the liquidation of a company registered in Malta. But is it bad? If you disable this cookie, we will not be able to save your preferences. As we have published over the past weeks, Azure Services Ltd and Azure Resorts Limited are in the process of liquidation as are many of the other companies within the Limora Group such as Silverpoint. You can still enjoy your subscription until the end of your current billing period. The other half is owned by a group of international investors specialising in timeshare resort operations. You can configure or reject the use of cookies or obtain more information in our Privacy Policy. Here is a reproduction of an email received from one concerned Azure owner: Had a call from these, and others have also. Then in February of this year, we reported on the new product being launched, Azure X and Azure XP which replaced the discredited investment weeks previously sold. | Azure is a sales and marketing company, constantly innovating and leading the evolution of the travel and leisure industry We believe in empowering people to live the experiences they love. The decision resulted in the loss of around 80 jobs. They reaffirmed that the Golden Sands Resort will fully honour all timeshare commitments arising from obligations entered into with existing members. Latest TimeshareTaskForce Customer Testimonial, Request for Erasure/Remove Consent/Subject Access Request/Update Data. 01908 881058 [email protected] Donate, timeshare consumer association friendly timeshare advice since 1997. 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. 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. 01908 881058 [email protected] Donate, timeshare consumer association friendly timeshare advice since 1997. The statement may be viewed by following this link: https://www.corinthiagroup.com/wp-content/uploads/2020/05/Company-Announcement.pdf. is badger collectibles legit; sony cd player keeps ejecting disc; visa gift card check balance Menu Toggle. Kindly check your inbox after sign-up to confirm subscription. download the update directly (PDF download). But opting out of some of these cookies may have an effect on your browsing experience. This has been Databases. "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. Kind Regards More alarm bells ring when it is noticed that no contact address is quoted anywhere on the website, in fact the contact us page does not appear to have been completed by their web designer as the address is left blank, see screen shot below: Oh dear, things are going from bad to worse and thus far there is a trust factor of0. Lovin Malta has spoken to previous customers of the timeshare operation who regularly described loans with generally high-interest rates. 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. Re: Golden Sands, Mellieha. Limited and Mr Barry Lynch of Alvarez & Marsal Cayman Islands Limited. Please find attached a letter we have been asked to forward to you by the joint liquidators. This website uses cookies to improve your experience while you navigate through the website. However, the JLs would advise you to seek your own independent legal advice as to the terms of your loan agreement as they may vary from person to person and institution to institution.If my week was on the resales register, what happens now?The resales register was operated by the Company in its role as club manager to assist members in disposing of entitlements they no longer desired to hold. Products Databases. Azure Liquidation Updates Updates 07/05/20, 08/05/20, 13/05/20, 19/05/20, 20/05/20, 09/07/20, 07/08/20 & 07/09/20 Azure Services Ltd. Malta Liquidation 07/05/20 KwikChex has been informed 0 Telephoning from outside the UK: 00 44 1823 510625. KwikChex will be pleased to help evaluate any such approaches. Borrowers claimed that false representations were made about the financial impact of the loans, they were not properly informed of their duration and that vulnerable consumers were inappropriately treated. Adding further to the above article, the Corinthia group published an announcement on their website on 5th May 2020 giving their insight and comments regarding the Azure situation. We will have more information in the coming weeks. All shareholders have reaffirmed their commitment towards the future of the Golden Sands Resort as a high-end luxury destination. Malta, but not capital gains arising outside Malta, received in Malta. 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. Login below for access to exclusive content. According to its website, Azure Services Ltd, which employed 180 staff, had more than 5,500 members. From the copy email that we received, Themis are obviously mounting a cold calling campaign from stolen Azure client data. The enshittification of apps is real. https://find-and-update.company-information.service.gov.uk/search/companies?q, Azure and Barclays Partners Finance case reported in the Financial Times, Scammers Forced to Pay 15,000 in Court Costs, Double and Triple Check! Free shipping for many products! The company noted that it has every intention to ensure that the upcoming liquidation is conducted in an orderly manner and that timeshare owners will continue to enjoy the same service and benefits as they have for the past years. That is to say, it was all planned to save as much cash as possible for the " Trotta " heirs. For and on behalf of FNTC (UK) Ltd. On 28 April 2020, Mr Wesley Edwards of CVR Global (B.V.I.) Limited and Mr Barry Lynch of Alvarez & Marsal Cayman Islands Limited, were appointed Joint Liquidators of Azure Resorts Limited ("ARL") and Azure XP Limited ("AXP")(together "the Companies").The appointments were made, in accordance with the Virgin Islands Insolvency Act 2003, by a qualifying resolution, passed by the members of the Companies.These Companies are now under the control of the Joint Liquidators. Most readers know that Azure Malta went into liquidation earlier this year, however with the efforts of the joint liquidators a new management company was formed, being Vacation Club Services Limited (VCSL), to act as the new club manager. VCSL in turn has established a company in Malta called VCMS Co Limited, which will employ local staff to service the clubs members. 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It is mandatory to procure user consent prior to running these cookies on your website. All rights reserved. The Times revealed last yearthat the Financial Conduct Authority (FCA) was investigating loans made to timeshare buyers at resorts in Malta which had been part-owned by Neville and Ryan Giggs,. There Are Now Zero COVID-19 Patients In Maltas ITU, Get Nominating Now! It said it was facing a number of litigation claims from clients who allege misrepresentation. But Azure was found to have operated without authorisation under British law to act as financial broker between April 2014 and April 2016. The key difference is that before you actually place your order you need to confirm that your customer has signed the Microsoft Customer Agreement. Maltese Colleges Collaborate In Space Mission, Not Just For Thrift Lovers: Flea Market At Manikata's The Farmoury Happening This Weekend, Roberta Metsola Returns To Ukraine To Be With 'Brave People Who Inspired The World', Denied Maltese Citizenship By Naturalisation With No Reason Given, Polish Couple Wants Some Kind Of Explanation. organisation Martin Brylka As mentioned in the FAQs, we are working diligently to transfer the role of club manager so that the club can continue and members remain able to utilise their timeshare holiday entitlement. Meanwhile, any action taken with respect to the curtailment of employees will be made in line with all local regulations. Registered Office: Artemis House, 4a Bramley Road, Mount Farm, Milton Keynes, MK1 1PT. All content on this website is dependent on the opinion of the author. We also use third-party cookies that help us analyze and understand how you use this website. Meanwhile, there are serious questions surrounding the thousands of people from Malta, the UK, and Sweden who have long term contracts to stay at the hotel for one or two week periods every year. I know its a scam but they are scaring people by saying that the membership fees are being used to pay off the loan to FNTC as the loan is going to be called in early next year and VCMS will have no money to run the clubs therefore another liquidation. Creditors will need to provide a list of what theyre owed so the company can estimate the amount of their claims. Liquidation or dissolution is the procedure for concluding the affairs of a company when it decides to terminate its operations or when it cannot continue to operate by reason of its insolvency. Alternatively,download the update directly (PDF download). Darrin Zammit Lupi/Reuters By Tamara Best. You can revoke your consent any time on our Privacy Policy page. Tue 09:00 - 17:00. I cant see this company registered at companies house and their website looks amateurish. On the contact page there is the usual form to fill in and submit. Cookie Policy Elon Musks Twitter is dying a slow and tedious death. 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. https://insidetimeshare.com/?s=exclusive+breaking+news. This is one of the points on the agenda for the meeting via telephone conference call on 11 May 2020 which creditors will be voting on. 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. Customer Stories. Please ensure you have filled out all required fields, Timeshare Termination Team | Timeshare | Timeshare Exit | Timeshare Claims. These were formalities as such to enable the continuation of the liquidation process. Necessary cookies are absolutely essential for the website to function properly. Timeshare Consumer Association Limited is registered as a data controller with the information commissioners office (ico) under registration number: ZA765267. 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. This website uses cookies to improve your experience. Click here to view a copy of the PDF of decision made in August 2018 by Judge Timothy Herrington. Premium access for businesses and educational institutions. Established to ensure that Members at the Radisson Blu Resort & Spa Golden Sands, Malta continue to enjoy all the benefits and entitlements at their home resort in Malta and also beyond the shores of our Mediterranean island. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. 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. We use cookies to ensure that we give you the best experience on our website. 2020 KwikChex Ltd. So far we have a nonexistent company that was formed less than two months ago, this is not looking good. Beware of Scammers, Pro Timeshare Resales exposed by Action 9. He said they are having hundreds of calls about it. Further updates are expected to be available next week. KwikChexis a Registered Trademark, KwikChex Ltd, Copyright 2023 Timeshare Termination Team. Please enable Strictly Necessary Cookies first so that we can save your preferences! For all the latest news and views from RDO. 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. So who are Themis? 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. In the interim, should you have any queries pertaining to the liquidation process and/or the appointment of the new Club manager, please contact [email protected]. https://lovinmalta.com/news/maltese-time-share-company-at-golden-sands-files-for-liquidation-amid-covid-19-pandemic/ Report inappropriate content 1-2 of 2 replies Sorted by 1 In 2015, Corinthia Group assumed 50 per cent share of the company as part of their takeover of the Island Hotels Group. 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. It is mandatory to procure user consent prior to running these cookies on your website. Timeshare Consumer Association Limited is registered as a data controller with the information commissioners office (ico) under registration number: ZA765267. The UKs financial conduct watchdog is investigating 54 million in loans made to Golden Sands timeshare buyers. August 11, 2022 09:19 Tista' taqra dan l-artiklu bil-Malti hawn The government has established advanced plans to dissolve Air Malta later this year and transfer its few remaining profitable assets to a new airline, similar to what has already been done in Italy with Alitalia. Under the Act, a company may be dissolved either on a . However, it remains to be seen whether they have been able to address questions surrounding the thousands of people from Malta, the UK, and Sweden who have long term contracts to stay at the hotel for one or two week periods every year. Most scam companies have sliver tongued sales staff at the end of the phone who purport to turn lead into gold, unfortunately, quite the reverse tend to be the case and your hard earned gold will soon be turned into lead if you entertain them. 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. In a statement published on 5th May 2020, IHI, the holding company for the Corinthia Hotels Group, who own 50% of the Golden Sands Resort and the Azure Group, stated that the shareholders remain committed to the future of the Golden Sands Resort as a high-end luxury destination. cookies August 20, 2022. . For the sake of clarity, please see a copy of the response we received which also includes a link to a dedicated information website. Azure hoped the company would move away from the sale of timeshare products and services and focus more on traditional high-end tourism at the resort. We queried this with the liquidators, who have replied advising that they have now updated these members. 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 Now a Russian architect wants to build a mirrored steel archway in its place.
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