In addition, shareholders have also reaffirmed that the Golden Sands Resort will fully honour all timeshare commitments arising from obligations entered into with existing members. 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. 01908 881058 info@timeshareconsumerassociation.org.uk Donate, timeshare consumer association friendly timeshare advice since 1997. There have also been claims that false representations were also made about the loans financial impact. Try full digital access and see why over 1 million readers subscribe to the FT, Purchase a Trial subscription for $1 for 4 weeks, You will be billed $69 per month after the trial ends, Russian far-right fighter claims border stunt exposes Putins weakness, Germany seeks to buy Leopard tanks from Switzerland, Germany and Italy stall EU ban on combustion engines, Ukraine asks EU for 250,000 artillery shells a month, Russia on alert after reconnaissance group crosses over from Ukraine, Panic station at Fox News: how the Murdochs agonised over Trumps loss, UK cabbage king turns to plant-based proteins, Saudi owner of Londons most expensive house sued over alleged unpaid private jet bills, UK housing market braced for make-or-break spring, Airlines plan to sue Dutch government over Schiphol airport flight cap, There are no domestic equity investors: why companies are fleeing Londons stock market, Deluge of inflation data pushes US borrowing costs to 2007 levels, Live news updates from March 3: Amazon pauses HQ2 construction, UK regulators launch LME probe, FCA regulator blamed for Arms decision to shun London listing, Clutching Warrens letter, Im still positive on stocks, Joe Biden teaches the EU a lesson or two on big state dirigisme. Lovin Malta has reached out to Azure Services Limited for a comment. 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. Please enable Strictly Necessary Cookies first so that we can save your preferences! Maintence Fee Calculator | Privacy Policy | Terms & Conditions | Cookies Policy. It is understood that the Shareholders of Azure Services Ltd passed a resolution for the company to be wound up under a creditors voluntary winding up on 27 April 2020. Website Terms & Conditions Do your own due diligence, check the registration of the company, if there is no registration then it is not a legitimate company. The Joint Liquidators are currently in discussions with third parties to appoint a new manager to the Clubs, and once this is completed owners will be able to use their timeshare entitlement in accordance with the relevant Club constitutions, rules and regulations. Huntingdon, England, United Kingdom. Modern Slavery Statement, Registered with Data Protection Act, Registration Number: Z2749323. Malta, but not capital gains arising outside Malta, received in Malta. 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. away from the sale of timeshare products and services and focus more on traditional high-end tourism at the resort. Back in December last year Inside Timeshare reported that Azure Services Ltd had ended the sales of timeshare, this resulted in the loss of around 80 jobs. 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. Whilst it is too early to foresee the potential fallout from this news, we at TCA will be keeping a close eye on developments and will of course publish updates as and when. IHI owns 50% of the Golden Sands Resort and the Azure Group. Azure has categorically denedhaving conducted inappropriate selling. 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. By Cameron Macphail 8 March 2017 4:15pm. 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. Azure Services Limited is an MFSA registered company currently owned by Corinthia and Mediterranean Overseas Holdings Limited. 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. If youd like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. Build in the cloud with an Azure free account Create, deploy, and manage applications across multiple clouds, on-premises, and at the edge Start free Pay as you go Popular services free for 12 months View all services + 55+ other services free always View all services + Start with USD200* Azure credit Kind regards, We have been advised by an Azure consumer of an important update from the Joint Liquidators. Crowdfunding Campaign To Fund Legal Challenge To DB Group Project Collects 18,000 In Just Over A Week, Get Nominating Now! If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for $69 per month. The company, Azure Services Limited, markets timeshare at the resorts formerly owned by Island Hotels and Winston Zahra, of . 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. 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?. Hours. https://insidetimeshare.com/timeshare-sales-end-at-golden-sands-malta/, https://insidetimeshare.com/azure-x-xp-what-is-it/. You can revoke your consent any time on our Privacy Policy page. We are not sure how this scam will pan out but there will certainly be a request for a financial payment to progress whatever they are promising. Please find attached a communication regarding the appointment of a new Club Manager for Golden Sands Island Residence Club, The Heavenly Collection, Azure Experiences Membership Club (Azure X). 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. who were victoria winters parents. KwikChex has been in contact with a number of parties, including trustees and will continue to provide information to the best of our ability. A vote on the potential nominee for the office of the liquidator will also be taken. Customers had complained that the terms of the loans were not explained to them, and that proper credit checks were not carried out and that they were pressured into signing deals. Prime Minister Joseph Muscat said the news was "heartbreaking". 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. Video taken by bystanders . Around 80 people lost their jobs right before Christmas. 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. We would also urge Azure timeshare owners to be very cautious regarding any approaches made regarding compensation claims. All of these matters are likely to be complex and take some time and KwikChex will do all possible to provide updates. 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. Databases. Timeshare Group in Liquidation Hits the News Again. We also use third-party cookies that help us analyze and understand how you use this website. In the meantime, we strongly recommend that those likely to be affected creditors and timeshare owners, register their interest as per the notice by sending an email to the following address rrohan@alvarezandmarsal.comAs there is an initial creditors meeting (by telephone conference call) at 17.00 hrs Central European Time on Monday 11 May, you may wish to do this as a matter of urgency. Necessary cookies are absolutely essential for the website to function properly. We use cookies to ensure that we give you the best experience on our website. With regard to matters related specifically to Azure Services Ltd. such as the review ordered of loans for timeshares that took place between 1 April 2014 and 24 April 2016, this matter remains ongoing. The Azure Group carried out the sales function of the timeshare operation at the Golden Sands Resort for the past 17 years. The customer story you selected is no longer available. How you purchase the Azure plan is similar to purchasing any other subscription. 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. AZURE AVIATION LIMITED (United Kingdom, 10 Mar 2022 - ) AZURE AVIATION PRIVATE LIMITED (India, 27 Sep 2019 - ) Azure Dragon Aviation Limited (Hong Kong, 9 Jul 2019 - ) Azure Aviation Ltd. (Bahamas) Sino Azure Aviation Consulting Company Limited (Hong Kong, 20 Jan 2014 - ) AZURE DRAGON AVIATION PTE. There are no loans outstanding and even if there was it would be highly unlikely that First National Trustee Company (FNTC) would once again put the club in jeopardy. 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. 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. download the update directly (PDF download). In 2015, Corinthia Group assumed 50 per cent share of the company as part of their takeover of the Island Hotels Group. 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. 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? How the biggest companies plan mass lay-offs, The benefits of revealing neurodiversity in the workplace, Tim Peake: I do not see us having a problem getting to Mars, Michelle Yeoh: Finally we are being seen, Our ski trip made me question my life choices, Apocalypse then: lessons from history in tackling climate shocks. 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. Click here to view the PDF notification that has been issued concerning this. Thu, May 12 - Thu, May 26 Wolverine Import . These cookies do not store any personal information. This has been We will provide members with updates on our progress through the dedicated website https://cvr.global/azure/. 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. 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. 07376192, Data Protection Policy or This category only includes cookies that ensures basic functionalities and security features of the website. This is an ongoing review process by the UK Financial Conduct Authority (FCA) and will continue. Both Azure Resorts Ltd and Azure Services Ltd began liquidation proceedings in April 2020. But is it bad? organisation Meet our staff and find out what it's like to work for Azure. Excluding bank holidays, Visit KwikChex Website It first hit the news in 2019 for misselling timeshares to hundreds of British holidaymakers in 2019. cvr.global. Compare Standard and Premium Digital here. We recommend using Support rapid growth and innovate faster with secure, enterprise-grade, and fully managed database services . 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. 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. When we do this, YouTube may store cookies in order to track how people are watching videos on their site. 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? Azure Kubernetes Service Edge Essentials is an on-premises Kubernetes implementation of Azure Kubernetes Service (AKS) that automates running containerized applications at scale. If you are approached, get all the details you can preferably asking those that make the approaches to put details in an email to you. Ex-Manchester United football players Gary Neville and Ryan Giggs once held shares in the company. So effectively, its business as usual, but not according to Themis Resolution. Complaints Policy cookies 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. 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. The Financial Times said that the customers were charged in excess of 9%. Support Times of Malta for the price of a coffee. Premium Digital includes access to our premier business column, Lex, as well as 15 curated newsletters covering key business themes with original, in-depth reporting. The full statement can be read HERE. 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. Exchange House, 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. VCSL in turn has established a company in Malta called VCMS Co Limited, which will employ local staff to service the clubs members. Thank you for your enquiry. Azure, Golden Sands time share company 2 years ago Save For people with time share weeks at Golden Sands hotel, be aware Azure, the operator, has gone into liquidation. Declaration of Solvency. We make use of a tool from Google called Google Analytics, which tells us about the way people are using rdo.org. Major shareholder 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. Creditors will need to provide a list of what theyre owed so the company can estimate the amount of their claims. 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. Products Databases. Malta's famous Azure Window rock arch has collapsed into the sea after heavy storms. 11.00-27.00; 27.00-35.00; 35.00-43.00; 43.00-51.00; 51.00-59.00; 59.00-60.00; STOCK. Customise . 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. We again advise members / owners to be extremely cautious if approached regarding claims said to be connected to the liquidation process. Elon Musks Twitter is dying a slow and tedious death. Mon 09:00 - 17:00. These cookies will be stored in your browser only with your consent. For cost savings, you can change your plan at any time online in the Settings & Account section. 12-14 The Crescent, KwikChexis a Registered Trademark, KwikChex Ltd, Mozilla Firefox. Check if your The official Island Hotels document explaining the footballers investments said: The high profile of each of the investors in the sporting field is calculated to enhance the groups overall public relations and image and profile., One of the timeshare buyers,CharlesRebbeck, 41, from East Sussex, told the Times of London that he received a cold call in the UK offering him a weeks holiday at the Golden Sands resort with his family for 150. Timeshare Consumer Association Limited is registered as a data controller with the information commissioners office (ico) under registration number: ZA765267. You also have the option to opt-out of these cookies. 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 Premium access for businesses and educational institutions. Ex-Manchester United football players Gary Neville and Ryan Giggs once held shares in the company. We bring together luxury hotels, resorts, supercars, motorhomes and unforgettable experiences . Maintence Fee Calculator | Privacy Policy | Terms & Conditions | Cookies Policy. 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. On 28 April 2020, Mr Wesley Edwards of CVR Global (B.V.I.) You also have the option to opt-out of these cookies. 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. 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. Nevertheless, the position that we are adopting on behalf of our clients is that our clients are . Alternatively, fill in your details and we will call back. You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many users needs. 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. kenyon murray daughter Menu Toggle. Keeping this cookie enabled helps us to improve our 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. Tue 09:00 - 17:00. The winding up decision was taken through a resolution approved by the shareholders of Azure Services Ltd on April 27. It is understood Barclays had a contract with Azure Resorts Limited, which was authorised by the FCA for credit broking, but later discovered the staff were employed by the unlicensed Azure Services Limited. The other half is owned by a group of international investors specialising in timeshare resort operations. We use This means that every time you visit this website you will need to enable or disable cookies again. Taunton, Should you have any questions regarding Azure or any other timeshare, please feel free to contact us and we shall do our best to address your concerns. In the interim, should you have any queries pertaining to the liquidation process and/or the appointment of the new Club manager, please contact azureresortsliquidation@cvr.global. All shareholders have reaffirmed their commitment towards the future of the Golden Sands Resort as a high-end luxury destination. This website uses cookies to improve your experience while you navigate through the website.