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. Liquidation lot - 750,000 plus preset crystals 2.5mm CrystalQueenDesigns Following Follow. Upon a search of UK Companies House and the Spanish equivalent we can find no sign of the existence of this company. So effectively, its business as usual, but not according to Themis Resolution. 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. https://insidetimeshare.com/?s=exclusive+breaking+news. Citrine, Capri, Burgundy, Blue Zircon, Erinite, Peridot, Jonquil, Indian red, light azure. The key difference is that before you actually place your order you need to confirm that your customer has signed the Microsoft Customer Agreement. You also have the option to opt-out of these cookies. For all the latest news and views from RDO. You also have the option to opt-out of these cookies. Turning to the website, it was only registered on16th September 2020and is set to expire on16th September 2021. As previously advised, the Azure companies and the Club are separate entities. The statement may be viewed by following this link: https://www.corinthiagroup.com/wp-content/uploads/2020/05/Company-Announcement.pdf. The club constitutions do not require the club manager to provide this service and you should therefore discuss this matter with the new club manager if appointed.IF YOU PURCHASED A TIMESHARE AT GOLDEN SANDS AND PAID FOR IT USING FINANCE OR A CREDIT CARD THEN YOU MAY QUALIFY FOR A CLAIM.THE MOST COMMON LENDERS AT AZURE WHERE BARCLAYS PARTNER FINANCE , HONEYCOMB FINANCE AND VACATION FINANCE LIMITED.MOST GOLDEN SANDS OWNERS ARE VICTIMS OF THE INVESTMENT AND RESALE DEAL . It was sold to Corinthia in 2015. The below update was sent to Azure consumers yesterday. 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. You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many users needs. These cookies do not store any personal information. Liquidation or dissolution is the procedure for concluding the affairs of a company when it decides to terminate its operations or when it cannot continue to operate by reason of its insolvency. 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. 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. 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. 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. Login below for access to exclusive content. Click here to view the PDF notification that has been issued concerning this. By using this site, you agree to our Privacy Policy including the use of cookies to enhance your experience. 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?. Call us on 01872 308699 for more information. 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. 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. Martin Brylka The UK financial conduct authority is investigating 54 million of loans made to timeshare buyers at the Golden Sands resort, a Radisson Blu franchise now owned by International Hotels Investments. We have been advised by an Azure consumer of an important update from the Joint Liquidators. Timeshare Termination Team is a trading style of Exit My Timeshare Group. A company that is not resident in Malta is taxable on chargeable income and capital gains arising in Malta (unless such income/gains are subject to a specific exemption). Barclays had a contract with Azure Resorts Limited, which was authorised by the UK Financial Conduct Authority for credit brokering. Out of the blue Azure timeshare owners received emails from the Company's Joint Liquidators Mr Wesley Edwards of CVR Global (B.V.I.) If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for $69 per month. It is mandatory to procure user consent prior to running these cookies on your website. 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. The liquidator has a fiduciary duty to act in the best interests of creditors and has a duty to investigate the causes of the liquidation.The liquidator is tasked with gathering in the assets of an insolvent company, realising them and making distributions, net of costs, to creditors.My timeshare is in Malta, why is this liquidation in the British Virgin Islands?Whilst your timeshare entitlement is at the Golden Sands Resort in Malta, the Company is domiciled in the British Virgin Islands and the liquidation must therefore be conducted under the laws of the British Virgin Islands, including the Act.If I purchased my week using a loan, do I still need to pay this loan?The JLs advise that, whilst the clubs remain active and can service its members, your obligations will remain consistent with what they were prior to the liquidation. 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. 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,. 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. 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. The winding up decision was taken through a resolution approved by the shareholders of Azure Services Ltd on April 27. timeshares to hundreds of British holidaymakers in 2019. 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. Cookie Policy KwikChex has been informed that Azure Services Ltd. of Malta has entered into liquidation proceedings. 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. | Azure is a sales and marketing company, constantly innovating and leading the evolution of the travel and leisure industry We believe in empowering people to live the experiences they love. You can revoke your consent any time using the Revoke consent button. The club constitutions do not require the club manager to perform this role and you should therefore discuss this matter with the new club manager if appointed.If my week was available for rental, what happens now?The rental program was operated by the Company in its role as club manager to assist members in renting entitlements they did not wish to utilise in any given year. 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. Sources told Lovin Malta that the decision to liquidate the company was taken on 27th April but staff were only informed on 5th May. 386] regulates the liquidation of a company registered in Malta. Exchange House, download the update directly (PDF download). 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 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. 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. The full statement can be read HERE. Latest TimeshareTaskForce Customer Testimonial, Request for Erasure/Remove Consent/Subject Access Request/Update Data. Anglian Water Services. Cart; chantelle jamieson married 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. 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. A dedicated webpage has been set-up to keep owners and creditors informed https://cvr.global/azure/. Around 80 people lost their jobs right before Christmas. He said: I cant believe I fell for it. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. Malta Malta's Azure Window collapses after heavy storm - video The landmark limestone arch that once featured in Clash of the Titans and Game of Thrones has tumbled into the sea . or Click here to browse all stories. 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. That 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. Two geological wonders sit side-by-side on the Maltese island of Gozo: the Azure Window and the Blue Hole. Azure Kubernetes Service Edge Essentials is an on-premises Kubernetes implementation of Azure Kubernetes Service (AKS) that automates running containerized applications at scale. Executive However, it later discovered the staff were employed by the unlicensed Azure Services Limited. Do your own due diligence, check the registration of the company, if there is no registration then it is not a legitimate company. On 28 April 2020, Mr Wesley Edwards of CVR Global (B.V.I.) You can prevent the setting of cookies by adjusting the settings on your browser (see your browser Help for how to do this). Necessary cookies are absolutely essential for the website to function properly. Please enable Strictly Necessary Cookies first so that we can save your preferences! These were formalities as such to enable the continuation of the liquidation process. For cost savings, you can change your plan at any time online in the Settings & Account section. Rizzo, Farrugia & Co. (Stockbrokers) Ltd. 2023. It is mandatory to procure user consent prior to running these cookies on your website. 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. 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. Azure Services Limited was an MFSA registered company owned by Corinthia and Mediterranean Overseas Holdings Limited. 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. Further updates are expected to be available next week. 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 recently published a revised version of our. Re: Golden Sands, Mellieha. 07376192, Data Protection Policy Video taken by bystanders . Privacy Policy We use cookies on this site to enhance your user experience. These cookies will be stored in your browser only with your consent. Azure, liquidation Company Updates, News 0 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 KwikChex has been informed that Azure Services Ltd. of Malta has entered into liquidation proceedings. We'll assume you're ok with this, but you can opt-out if you wish. 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 . Barclays is to fully compensate almost 1,500 customers who were improperly sold timeshare loans by Azure in Malta worth a total of 48m. Naturally we at TCA will be following developments closely and will report our findings as and when developments take place. 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/. 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. or On the contact page there is the usual form to fill in and submit. This boot hits your feet like those well worn boots you default to. As we have published over the past weeks, Azure Services Ltd and Azure Resorts Limited are in the process of liquidation as are many of the other companies within the Limora Group such as Silverpoint. A liquidator is an officer of the court, his appointment is ratified by creditors. 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. Nevertheless, the position that we are adopting on behalf of our clients is that our clients are . Check if your 109519. This website uses cookies to improve your experience. Compare Standard and Premium Digital here. 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. by TVM Newsroom August 20, 2022. There Are Now Zero COVID-19 Patients In Maltas ITU, Get Nominating Now! Creditors will need to provide a list of what theyre owed so the company can estimate the amount of their claims. analyse how our Sites are used. Creditors will need to provide a list of what theyre owed so the company can estimate the amount of their claims. We use We queried this with the liquidators, who have replied advising that they have now updated these members. It has been brought to our attention that Azure Services Ltd have filed for liquidation. Databases. Taunton, 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. Azure Golden Sands is a 5-star Mediterranean resort in Malta. Copyright 2023 Times of Malta. 12-14 The Crescent, Elon Musks Twitter is dying a slow and tedious death. In 2017 Malta switched its primary source of energy from heavy fuel oil to natural gas. 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. The company ran into financial trouble towards the end of 2019. The Companies Act [CAP. Kind regards, This has been We will be contacting those impacted to apologise for what has happened, and to let them know how we will be putting this right.. I maintain all support systems and hierarchies that our reporting is based upon. It was set up by the Island Hotels Group in 2003. You can revoke your consent any time using the Revoke consent button. Now a Russian architect wants to build a mirrored steel archway in its place. 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 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. We'll assume you're ok with this, but you can opt-out if you wish. We bring together luxury hotels, resorts, supercars, motorhomes and unforgettable experiences . It said it was facing a number of litigation claims from clients who allege misrepresentation. 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. The winding up decision was taken through a resolution approved by the shareholders of Azure Services Ltd on April 27. 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 27 th April 2020. All shareholders have reaffirmed their commitment towards the future of the Golden Sands Resort as a high-end luxury destination. We use cookies to ensure that we give you the best experience on our website. It was sold to Corinthia in 2015. I am responsible for the creation, maintenance, and distribution of all Executive Level monthly Management Accounts. Well this is a bit difficult to deduce. If you want to know more about what cookies are and how to control them, aboutcookies.org is a great resource. 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. The landmark Azure Window, off the Maltese island of Gozo, has collapsed into the sea during a storm. The Azure Group carried out the sales function of the timeshare operation at the Golden Sands Resort for the past 17 years. Meet our staff and find out what it's like to work for Azure. When I gothomeI thought, what the hell am I doing?Rebbeckwas left to care for his two children after his wife died in 2016. Malta (356) 2247 6100 info@premium.com.mt. Necessary cookies are absolutely essential for the website to function properly. 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. Kind Regards Timeshare Group in Liquidation Hits the News Again. It should be noted that the Radisson Blu Golden Sands Resort and Spa is not in liquidation and continues to operate normally, within the current restrictions of the travel environment. I also produce all senior ad-hoc reports. This change was brought about by the recent construction of a 215 megawatt combined-cycle gas turbine (CCGT . You have been warned. In recent months, the company had been going through a rough patch. 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. 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 https://find-and-update.company-information.service.gov.uk/search/companies?q, Azure and Barclays Partners Finance case reported in the Financial Times, Scammers Forced to Pay 15,000 in Court Costs, Double and Triple Check! Kindly check your inbox after sign-up to confirm subscription. KwikChex has been in contact with a number of parties, including trustees and will continue to provide information to the best of our ability. The fact that a foreign company has a branch in Malta does not, of itself, constitute residence. 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. Roger Chessell, a Xagra resident, was at Dwejra when the window collapsed at . These cookies will be stored in your browser only with your consent. LTD. (Singapore, 8 Feb 2019 - ) If youd like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. Please ensure you have filled out all required fields, Timeshare Termination Team | Timeshare | Timeshare Exit | Timeshare Claims. 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? by Matthew Vella. Crowdfunding Campaign To Fund Legal Challenge To DB Group Project Collects 18,000 In Just Over A Week, Get Nominating Now! 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.