azure malta liquidation

Customer Stories. Copyright 2023 Timeshare Termination Team. The tourism and timeshare company centred on the Radisson Blu Golden Sands filed for liquidation in May 2020. The Azure Window, a limestone arch in Malta, was popular with locals and tourists. Declaration of Solvency. Lovin Malta has reached out to Azure Services Limited for a comment. Elon Musks Twitter is dying a slow and tedious death. 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. 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. We will have more information in the coming weeks. The Azure Window, a natural arch off the coast of Gozo in Malta, collapsed into the sea on March 8. We have seen many examples of attempts to defraud consumers in similar circumstances. There Are Now Zero COVID-19 Patients In Maltas ITU, Get Nominating Now! 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. 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. We will be contacting those impacted to apologise for what has happened, and to let them know how we will be putting this right.. Executive 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. Well this is a bit difficult to deduce. We can honestly say without fear of contradiction that this is another scam in the making. The resorts owned by Azure - which boasted large lagoon swimming pools and luxury spas - were marketed as being backed by Mr Giggs and Mr Neville, who was made Malta's tourism ambassador in the. Citrine, Capri, Burgundy, Blue Zircon, Erinite, Peridot, Jonquil, Indian red, light azure. Matthew Vella is executive editor at MaltaToday. The bank said it did not believe there were issues with affordability checks on the Azure loans and considered it "reasonable" that customers should repay them. So effectively, its business as usual, but not according to Themis Resolution. 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. 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. Liquidation lot - 750,000 plus preset crystals 2.5mm CrystalQueenDesigns Following Follow. 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. Thu, May 12 - Thu, May 26 Wolverine Import . by Matthew Vella. timeshares to hundreds of British holidaymakers in 2019. We have been advised by an Azure consumer of an important update from the Joint Liquidators. How you purchase the Azure plan is similar to purchasing any other subscription. 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 You may change or cancel your subscription or trial at any time online. Please find attached a letter we have been asked to forward to you by the joint liquidators. We recognise that we did not provide the right level of service for some customers who bought timeshare loans, Barclays said. By using this site, you agree to our Privacy Policy including the use of cookies to enhance your experience. Malta 'It's heartbreaking': Maltese mourn collapse of Azure Window arch Limestone arch, landmark which featured in Clash of the Titans and Game of Thrones, crashes into sea after heavy storm. This means that every time you visit this website you will need to enable or disable cookies again. IF YOU FEEL YOU HAVE BEEN MIS-SOLD , YOU PROBABLY HAVE.FOR FREE ADVICE AND GUIDANCE ON YOUR BEST WAY FORWARD THEN GIVE US A CALL . The winding up decision was taken through a resolution approved by the shareholders of Azure Services Ltd on April 27. Do your own due diligence, check the registration of the company, if there is no registration then it is not a legitimate company. and other data for a number of reasons, such as keeping FT Sites reliable and secure, Timeshare Termination Team is a trading style of Exit My Timeshare Group. 10am 4pm Mon-Fri (GMT) We use Inside Timeshare has received many enquiries as to what is going to happen to members of the "club"? 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. Complex issues have arisen related to administration and insolvency of a small number of timeshare businesses. download the update directly (PDF download). In recent months, the company had been going through a rough patch. 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 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. When we do this, YouTube may store cookies in order to track how people are watching videos on their site. Please ensure you have filled out all required fields, Timeshare Termination Team | Timeshare | Timeshare Exit | Timeshare Claims. 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. Under the Act, a company may be dissolved either on a . MediaToday is an independent media house based in Malta. 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". Adding further to the above article, the Corinthia group published an announcement on their website on 5th May 2020 giving their insight and comments regarding the Azure situation. It first hit the news in 2019 for misselling timeshares to hundreds of British holidaymakers in 2019. Be aware that disabling cookies will affect the functionality of this and many other websites that you visit. 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. 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. the amount of debt the airline has with local banks as well as foreign banks and when liquidation takes place what is to happen to the remaining employees who chose to remain and did not take the scheme. On 28 April 2020, Mr Wesley Edwards of CVR Global (B.V.I.) 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. 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). Martin Brylka Privacy Policy This website uses cookies to improve your experience while you navigate through the website. 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. Sources have claimed that the company also applied for and received the COVID-19 supplement for the April salary. Last December, it announced it would no longer sell timeshare and holiday clubs but focus on its existing members. We use cookies on this site to enhance your user experience. This. The window is a towering rock formation reaching 328 feet (100 meters) high with a . Azure Golden Sands is a 5-star Mediterranean resort in Malta. As previously advised, the Azure companies and the Club are separate entities. The company, Azure Services Limited, markets timeshare at the resorts formerly owned by Island Hotels and Winston Zahra, of . 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. Then in February of this year, we reported on the new product being launched, Azure X and Azure XP which replaced the discredited investment weeks previously sold. For cost savings, you can change your plan at any time online in the Settings & Account section. 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,. We again advise members / owners to be extremely cautious if approached regarding claims said to be connected to the liquidation process. personalising content and ads, providing social media features and to Website Terms & Conditions We use cookies to ensure that we give you the best experience on our website. This certainly does not leave people with much time to organise, could it be that the whole point is to rush the liquidation through? Limited and Mr Barry Lynch of Alvarez & Marsal Cayman Islands Limited, were appointed Joint Liquidators of Azure Resorts Limited and Azure XP Limited. The statement may be viewed by following this link: https://www.corinthiagroup.com/wp-content/uploads/2020/05/Company-Announcement.pdf. Around 80 people lost their jobs right before Christmas. Timeshare Consumer Association Limited is registered as a data controller with the information commissioners office (ico) under registration number: ZA765267. Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. It uses cookies to detect how long people stay on the site, which pages they visit, their country of origin and whether they are a new or returning visitor. 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. This website uses cookies to improve your experience. Both Azure Resorts Ltd and Azure Services Ltd began liquidation proceedings in April 2020. Beware of Scammers, Pro Timeshare Resales exposed by Action 9. These have in the main affected only sales and marketing operations, but not the operations of the resorts themselves and owners will still (subject to Covid-19 restrictions) be able to enjoy the use of their timeshares. We make use of a tool from Google called Google Analytics, which tells us about the way people are using rdo.org. KwikChex has been informed that Azure Services Ltd. of Malta has entered into liquidation proceedings. August 20, 2022. . 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.

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