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. 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. Barclays, who decided to repay the interest rather than face a tribunal, will now refund about 30 million to the customers and classify the remaining funds as a bad debt. Any changes made can be done at any time and will become effective at the end of the trial period, allowing you to retain full access for 4 weeks, even if you downgrade or cancel. Helpline Hours Telephoning from outside the UK: 00 44 1823 510625. For and on behalf of FNTC (UK) Ltd. 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. 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. 01908 881058 info@timeshareconsumerassociation.org.uk Donate, timeshare consumer association friendly timeshare advice since 1997. Facebook; Response to our request for clarification below: At the current stage, the members do not have to contact the liquidators or complete the claim form. Liquidation procedures in Malta - Lexology 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. 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. A vote on the potential nominee for the office of the liquidator will also be taken. Golden Sands timeshare loans investigated over mis-selling - MaltaToday 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). From the copy email that we received, Themis are obviously mounting a cold calling campaign from stolen Azure client data. On 28 April 2020, Mr Wesley Edwards of CVR Global (B.V.I.) 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. . European Consumer Claims (ECC) fails to uphold promises made to Azure Kubernetes Service Edge Essentials is an on-premises Kubernetes implementation of Azure Kubernetes Service (AKS) that automates running containerized applications at scale. 2,275 sales | 4.5 out of 5 stars. Google Chrome 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. The company, Azure Services Limited, markets timeshare at the resorts formerly owned by Island Hotels and Winston Zahra, of . Alternatively, fill in your details and we will call back. cookies Start the Week: New Management Company For Azure Malta So far we have a nonexistent company that was formed less than two months ago, this is not looking good. The Azure Group initially introduced the Island Residence Club in 2003 and after establishing the Club as one of Europe's most exclusive Vacation Owne See more 34,952 people like this 34,480 people follow this http://www.azuregoldensands.com/ +356 2356 1000 info@azure.com.mt 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. 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. Caroline Hodgson/AP An iconic Maltese natural rock arch collapsed into the sea Wednesday. You can revoke your consent any time on our Privacy Policy page. Barclays to repay Azure Malta Timeshare customers Alternatively,download the update directly (PDF download). It is mandatory to procure user consent prior to running these cookies on your website. 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. Members' Voluntary Winding Up - Malta Business Registry what are mid ground football boots - education1st.co.uk The shareholders have also reaffirmed that the Golden Sands Resort will fully honour all timeshare commitments arising from obligations entered into with existing members, the group pledged. Prime Minister Joseph Muscat said the news was "heartbreaking". 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. The tourism and timeshare company centred on the Radisson Blu Golden Sands filed for liquidation in May 2020. There have also been claims that false representations were also made about the loans financial impact. Azure Liquidation Updates - Timeshare Helpline Databases. Barclays told to compensate customers for Malta timeshare loans RDO members can log in to rdo.org, and when they do we use cookies to track that they have logged in. Registered Office: Artemis House, 4a Bramley Road, Mount Farm, Milton Keynes, MK1 1PT. Sources told Lovin Malta that the decision to liquidate the company was taken on 27th April but staff were only informed on 5th May. In 2017 Malta switched its primary source of energy from heavy fuel oil to natural gas. Luca Lattanzi - Head of Commercial Strategy - LinkedIn You also have the option to opt-out of these cookies. 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. 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. Azure Resorts in Liquidation | Athena Law KwikChex has been keeping Azure timeshare owners / club members up to date and we became aware that clarification regarding the Azure Ultra Club status did not seem to have been made available. On 7th May 2020 it was announced that Azure Resorts Limited had entered liquidation. The company ran into financial trouble towards the end of 2019. We will be contacting those impacted to apologise for what has happened, and to let them know how we will be putting this right.. Hours. I knew I would have to attend a salesmeetingbut I had absolutely no plans to buy a timeshare.. In # May 2020, members of the above Clubs received notification that Azure Resorts Limited, Azure Services Limited and Azure XP Limited had gone into Liquidation. We also use third-party cookies that help us analyze and understand how you use this website. If you have any questions on this letter please contact the liquidators at the address provided in the letter. Some consumers have also been seeking clarification regarding the earlier court order concerning loans made to purchase timeshare between 1 April 2014 and 24 April 2016. 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. Kind regards, You can prevent the setting of cookies by adjusting the settings on your browser (see your browser Help for how to do this). 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. A study in 2013 said that while erosion was . Be aware that disabling cookies will affect the functionality of this and many other websites that you visit. Copyright 2023 Times of Malta. It was sold to Corinthia in 2015. But opting out of some of these cookies may have an effect on your browsing experience. 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. The winding up decision was taken through a resolution approved by the shareholders of Azure Services Ltd on April 27. Mark Taylor - System Analyst - Anglian Water Services | LinkedIn 2020 KwikChex Ltd. 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. 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. or I also produce all senior ad-hoc reports. university 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. 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. Dwejra, Azure Window - a beautiful natural site in Malta 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. H eavy storms in the Mediterranean were the eventual undoing of Malta . 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. Mon 09:00 - 17:00. By browsing this site you are giving your consent for us to set cookies. Both Azure Resorts Ltd and Azure Services Ltd began liquidation proceedings in April 2020. Support Times of Malta for the price of a coffee. Latest TimeshareTaskForce Customer Testimonial, Request for Erasure/Remove Consent/Subject Access Request/Update Data. Creditors will need to provide a list of what theyre owed so the company can estimate the amount of their claims. Sometimes we include content from other sites on our site, for example, YouTube videos. Barclays Bank to pay 181 million compensation to customers who 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. By Cameron Macphail 8 March 2017 4:15pm. 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. Mediterranean Overseas Holdings Ltd is also another company owned by the late Bob Trotta under the parent company the Limora Group. What is the typical timeframe for completion of liquidation procedures? who were victoria winters parents. 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.

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