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Kindly check your inbox after sign-up to confirm subscription. Timeshare Termination Team is a trading style of Exit My Timeshare Group. However, it seems the COVID-19 pandemic derailed their plans, with the tourism effectively shut down for at least the next few months due to the outbreak. IHI owns 50% of the Golden Sands Resort and the Azure Group. However, it later discovered the staff were employed by the unlicensed Azure Services Limited. For the sake of clarity, please see a copy of the response we received which also includes a link to a dedicated information website. Huntingdon, England, United Kingdom. Judge Timothy Herrington said the FCA acted unlawfully in giving a validation order - that meant Barclays could enforce the loans because the regulator had not considered the evidence of potential consumer detriment, albeit unsubstantiated at this stage. 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. VCMS Malta is dedicated solely and exclusively to vacation club management services. We will have more information in the coming weeks. The full statement can be read HERE. VCSL in turn has established a company in Malta called VCMS Co Limited, which will employ local staff to service the clubs members. The Azure Window, a natural rock arch in Malta and a backdrop for the "Game of Thrones" TV series, fell into the sea on Wednesday in a storm. Original . We use cookies to track the number of opens and clicks on both newsletters RDO Weekly News and RDO Insider. Azure Malta Aug 2018 - Jun 20201 year 11 months Malta Azure tailors luxury club memberships to today's demanding market providing membership and experiences for Resorts, an Exotic Car Club,. 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. A public notice revealed that Azures creditors have been invited to a meeting on 11th May which will detail the winding down of the company. Liquidation lot - 750,000 plus preset crystals 2.5mm CrystalQueenDesigns Following Follow. The email received by the consumer from Azure contained the following information: Please notethis important update from the Joint Liquidators, which includes reference to the appointment of the new club manager. Beware of Scammers, Pro Timeshare Resales exposed by Action 9. 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. It was set up by the Island Hotels Group in 2003, which marketed timeshares at the Radisson Blu Golden Sands. We use cookies to ensure that we give you the best experience on our website. According to the Financial Conduct Authority of the UK, buyers claimed that the footballers links with the hotel were highlighted by sales staff who brokered 1,444 loans with Barclays bank - the Times of London reported. This boot hits your feet like those well worn boots you default to. You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many users needs. During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. The PN says the PM should make the future of Air Malta clear. 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. It pointed out that operations were being scaled down since December as its allocation of timeshare at the Golden Sands Resort had been largely sold out. 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. 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. Meanwhile, creditors of Azure Services Ltd were notified about the agenda of next weeks meeting in a letter signed by directors Joseph Fenech and Alexander William Lawson. 12-14 The Crescent, Azure Services Limited was an MFSA registered company owned by Corinthia and Mediterranean Overseas Holdings Limited. When a company is deemed to be solvent, the liquidation process would typically involve a members' voluntary winding up which is triggered by the shareholders of the company. 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. 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. by Matthew Vella. If they know more about you than they should, thats also not a good sign. 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. 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. 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. We can honestly say without fear of contradiction that this is another scam in the making. 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. I cant see this company registered at companies house and their website looks amateurish. 109519. Here Are The 20 Categories For Lovin Malta's Social Media Awards, Watch: 19-Year-Old Throws Trashcans, Own Boots At Parked Police Cars Outside St Julian's Station, People In Malta Are Split On Whether They Know The Warning Signs Of Suicide Or Not, From Malta To The Moon? 10am 4pm Mon-Fri (GMT) Alex Lawson from Alvarez and Marsal (Cayman Islands) has appointed himself as an administrator/director to oversee the . 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. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. As reported on our website a new club manager has been appointed https://rdo.org/industry-updates/new-club-manager-appointed-for-azure-resorts/ and you can contact the contact the club via Telephone number: 00 356 2356 1000, or E-mail address: reservations@vcmsmalta.com. What should a secular society really look like? The company, Azure Services Limited, markets timeshare at the resorts formerly owned by Island Hotels and Winston Zahra, of which Manchester United footballers Gary Neville becameanon-executivedirectorsin2009 after a 1.1 million investment. Video taken by bystanders . Employees were given the news through an e-mail sent by the companys head of finance and corporate affairs, Mark Galea, who thanked them for their years of service. We have specifically asked if owners have to contact the liquidators to ensure their rights are secured and / or complete the claim forms for creditors and have been advised that they do not have to do this. What is the typical timeframe for completion of liquidation procedures? 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. We queried this with the liquidators, who have replied advising that they have now updated these members. 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. But opting out of some of these cookies may have an effect on your browsing experience. 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/. It was sold to Corinthia in 2015. If you are approached we would advise that you get as much information as possible and contact the Timeshare Helplineand advice.This free service is funded byEUROCand is operated by Kwikchex, who areapproved by the UK Trading Standards: We booked a holiday for March 2020 with azure at the radison blu but could not travel due to COVID As the company is in liquidation we want to know how to claim for a refund. A vote on the potential nominee for the office of the liquidator will also be taken. by are eddie and venom in a relationship / Friday, 24 June 2022 / Published in ansible yum check if package is installed. The FOS has also been informed the Administrator and the Mercantile Court are also investigating the point as the evidence suggests, the "liquidation" has been "manufactured". Last December, it announced it would no longer sell timeshare and holiday clubs but focus on its existing members. So who are Themis? Crowdfunding Campaign To Fund Legal Challenge To DB Group Project Collects 18,000 In Just Over A Week, Get Nominating Now! Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. By browsing this site you are giving your consent for us to set cookies. Prime Minister Joseph Muscat said the news was "heartbreaking". 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. So effectively, its business as usual, but not according to Themis Resolution. The question that Inside Timeshare asks now is who are the creditors? Are they all those consumers who purchased the investment weeks and never received the rentals or the sales they were promised, or is it just another way of avoiding the possibility of legal action in the Maltese courts against Azure, just like Silverpoint in Tenerife?. Excluding bank holidays, Visit KwikChex Website There have also been claims that false representations were also made about the loans financial impact. With regard to consumers that may have already been seeking to relinquish their timeshares or are actually involved in claims processes, these will need further assessment and KwikChex will be pleased to assist upon request. These cookies do not store any personal information. You also have the option to opt-out of these cookies. It collapsed into the sea on March 8th. If you want to know more about what cookies are and how to control them, aboutcookies.org is a great resource. This is a story that Inside Timeshare has been following for quite some time and it is one that shows how financial institutions are actively involved in the selling of timeshare to the . journalists in 50+ countries covering politics, business, innovation, trends and more. Gain a global perspective on the US and go beyond with curated news and analysis from 600 All rights reserved. Support Times of Malta for the price of a coffee. Inside Timeshare published the 6 part series on the liquidations of Limora Investments Ltd and other companies in the group and the reasons behind them, see the link to all the articles below. Azure Services Limited is an MFSA registered company currently owned by Corinthia and Mediterranean Overseas Holdings Limited. Welcome to the start of another week with Inside Timeshare, today we publish the following press release from the Azure Malta Action and Support Group and their ongoing battle with Barclays Partner Finance.