The time has come, Marriott has announced to all its shareholders that finances have been allocated in anticipation of the numerous payouts which will be made, as a direct response to the court procedures initiated by various law firms.
Marriott has just confirmed to the public and all shareholders that Spanish litigation funds will be available to provide potential pay-outs to timeshare members who have purchased timeshare weeks as Silver, Gold, Gold Holiday or Platinum in the following resorts Marbella Beach Club, Son Antem and Playa Andaluza.
Here is the article:
“Recast Financial Information
Marriott Vacations Worldwide Corporation (“we,” “us,” “Marriott Vacations Worldwide” or the “Company,” which includes its consolidated subsidiaries except where the context of the reference is to a single corporate entity) adopted Accounting Standards Update No. 2014-09 “Revenue from Contracts with Customers (Topic 606),”……
……… Litigation Exposure
A series of Spanish court rulings over the past several years invalidating timeshare contracts have increased our exposure to litigation and such litigation may materially adversely affect our business and financial condition. These rulings have invalidated timeshare contracts entered into after January 1999 related to certain resorts in Spain if the timeshare structure of those resorts did not meet requirements prescribed by Spanish timeshare laws enacted in 1998, even if the structure was lawful prior to 1998 and adapted to the 1998 laws to mechanisms specified in the 1998 laws. These rulings have led to an increase in lawsuits by owners seeking to invalidate timeshare contracts in Spain, including a number of such lawsuits filed by owners at two of our resorts in Spain that have been decided in favour of the owners. If additional owners at our resorts in Spain file similar lawsuits, this may: result in the invalidation of those owners’ timeshare contracts entered into after January 1999; ……
Our law firm has achieved these rulings and many more which you can find on the following website:
“The judges in courts of Estepona N6, issued a sentence on our client’s case, ultimately declaring their Marriott Vacation Club contract null and void. Citing the 129 Supreme Court sentences the judge ruled that the contracts lack an end date, was the principal cause for nullity as it did not meet the requirement stated clearly in the Spanish Timeshare Law of 42/98.
Our clients will now be receiving a total of £24,360 plus their legal fees and legal interest.
Congratulations to our clients on this amazing outcome, as well as the whole Canarian Legal Alliance legal team.”
Now, if you want your money back as well, we can get it for you!
Here we have the following options:
- Have a meeting in our UAE office in Dubai
- Have a meeting in our Marbella office once you are in Spain during your vacation
- We invite you to our Gran Canary office and have the appointment here (we will also support you with obtaining a VISA)
Mohammed or Jacky
Email: [email protected]
and arrange an appointment with a guaranteed free evaluation of your case so we can start immediately with the procedure to receive your money back!