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. This has been 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. Future of Air Malta. Executive 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 They reaffirmed that the Golden Sands Resort will fully honour all timeshare commitments arising from obligations entered into with existing members. Out of the blue Azure timeshare owners received emails from the Company's Joint Liquidators Mr Wesley Edwards of CVR Global (B.V.I.) During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. 10am 4pm Mon-Fri (GMT) 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 do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for $69 per month. 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. Meet our staff and find out what it's like to work for Azure. By using this site, you agree to our Privacy Policy including the use of cookies to enhance your experience. I knew I would have to attend a salesmeetingbut I had absolutely no plans to buy a timeshare.. 01908 881058 info@timeshareconsumerassociation.org.uk Donate, timeshare consumer association friendly timeshare advice since 1997. We make use of a tool from Google called Google Analytics, which tells us about the way people are using rdo.org. We refer you to an article published on the website of Inside Timeshare yesterday (05/05/2020), which we reproduce below: 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. In November 2020 the bank was told by the Financial Conduct Authority to repay interest charged on loans issued between April 2014 and April 2016 by the timeshare operator Azure Services (now in liquidation). Complaints Policy Prime Minister Joseph Muscat said the news was "heartbreaking". This website uses cookies to improve your experience while you navigate through the website. For a full comparison of Standard and Premium Digital, click here. We use our own and third-party cookies for analytical purposes and to show you personalized advertising based on a profile prepared from your browsing habits (for example, pages visited). If you have any questions on this letter please contact the liquidators at the address provided in the letter. We recommend using Google Chrome 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. Nevertheless, the position that we are adopting on behalf of our clients is that our clients are . The company, Azure Services Limited, markets timeshare at the resorts formerly owned by Island Hotels and Winston Zahra, of . These cookies will be stored in your browser only with your consent. 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. Kindly check your inbox after sign-up to confirm subscription. 386] regulates the liquidation of a company registered in Malta. Kind Regards If youd like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. 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. Customise . Under the Act, a company may be dissolved either on a . 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. We also use third-party cookies that help us analyze and understand how you use this website. and other data for a number of reasons, such as keeping FT Sites reliable and secure, So far we have a nonexistent company that was formed less than two months ago, this is not looking good. Standard Digital includes access to a wealth of global news, analysis and expert opinion. May 5, 2020 at 2:46 pm 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. organisation document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Copyright 2018 Resort Development Organisation, Company No. Last December, it announced it would no longer sell timeshare and holiday clubs but focus on its existing members. 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. A liquidator is an officer of the court, his appointment is ratified by creditors. For and on behalf of FNTC (UK) Ltd. What should a secular society really look like? These cookies do not store any personal information. A Financial Times report has revealed that Barclays has been ordered to repay the interests charges on loans issued between April 2014 and April 2016 by Azure Services, which filed for liquidation in May 2020. Request for Erasure/Remove Consent/Subject Access Request/Update Data Around 80 people lost their jobs right before Christmas. In December, a large chunk of the workforce was told that they would be made redundant to make way for an elite team as part of a new strategy. https://timesharetaskforce.org/wp-content/themes/blake/, /home/customer/www/timesharetaskforce.org/public_html/, https://timesharetaskforce.org/wp-content/themes/blake, Click to share on Twitter (Opens in new window), Click to share on Facebook (Opens in new window), Click to share on Tumblr (Opens in new window), Click to share on LinkedIn (Opens in new window), Click to share on Reddit (Opens in new window), Click to share on Pinterest (Opens in new window), this important update from the Joint Liquidators. Independent journalism costs money. Huntingdon, England, United Kingdom. Facebook; It collapsed on Wednesday morning after being battered by a storm. KwikChex will provide free information assistance to any consumers affected by such matters. Malta's famous Azure Window rock arch has collapsed into the sea after heavy storms. Barclays is to fully compensate almost 1,500 customers who were improperly sold timeshare loans by Azure in Malta worth a total of 48m. This Declaration of Solvency is a very important statement in which the majority of the Directors declare that they have made a full . The winding up decision was taken through a resolution approved by the shareholders of Azure Services Ltd on April 27. British multinational banking giant Barclays will pay almost 181 million (215 million) in compensation to around 6,000 customers who were improperly sold timeshares in Malta via the now-defunct Azure Services, according to The Telegraph. Hours. 01908 881058 info@timeshareconsumerassociation.org.uk Donate, timeshare consumer association friendly timeshare advice since 1997. A vote on the potential nominee for the office of the liquidator will also be taken. . It is mandatory to procure user consent prior to running these cookies on your website. Members of the timeshare clubs managed by the Company are considered to be a stakeholder in the liquidation to the extent that the Company remains the club managerfor Island Residence Club, The Heavenly Collection and Azure Ultra. 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. As previously advised, the Azure companies and the Club are separate entities. We use cookies on this site to enhance your user experience. KwikChex will continue to provide updates. This change was brought about by the recent construction of a 215 megawatt combined-cycle gas turbine (CCGT . Mediterranean Overseas Holdings Ltd is also another company owned by the late Bob Trotta under the parent company the Limora Group. He said they are having hundreds of calls about it. Now a Russian architect wants to build a mirrored steel archway in its place. 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. 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. 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. The Azure Window, a natural arch off the coast of Gozo in Malta, collapsed into the sea on March 8. The fact is that at present, both the status of the timeshare ownerships and the question of the challenged loans are going through legal processes and the outcomes are currently unknown. Liquidation lot - 750,000 plus preset crystals 2.5mm CrystalQueenDesigns Following Follow. On 28 April 2020, Mr Wesley Edwards of CVR Global (B.V.I.) Search. The key difference is that before you actually place your order you need to confirm that your customer has signed the Microsoft Customer Agreement. 07376192, Data Protection Policy That is to say, it was all planned to save as much cash as possible for the " Trotta " heirs. Call us on 01872 308699 for more information. Mon 09:00 - 17:00. KwikChexis a Registered Trademark, KwikChex Ltd, Databases. Martin Brylka The Azure Window during happier times. It is mandatory to procure user consent prior to running these cookies on your website. 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 .

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