This complex company structure is widely used across the Timeshare Industry. For example, Azure Resorts in Malta used shell companies set up in the British Virgin to maximise tax benefits.
It is a fact that some Club La Costa members were sold their timeshare as an investment. This illegal activity has been rife across the Timeshare Industry for over 20 years. However, up until recently, companies such as Club La Costa, Diamond Resorts, Silverpoint and Azure Resorts have got away with it. Self-regulation , self-governance and third party propaganda are the main three reasons for this.
Unfortunately, despite informing Trading Standards in the UK of Club La Costa's activities , they haven't been interested. And in some cases, they have even fallen on the side of the timeshare industry! The timeshare industry pay for the services of third party companies to try and protect their reputation. This self governance has inflicted misery on thousands of timeshare owners . The weight of evidence and successful claims against the timeshare industry , has led to these companies becoming irrelevant and having their true colours exposed.
As many of our clients have now realised, the only way to successfully claim back what is rightfully yours from Club La Costa is through the Finance companies that provided the funding for the timeshare purchase at Club la Costa. If you purchased your Club La Costa membership using finance with Barclays Partner Finance, Shawbrook Bank, Hitachi Personal Finance or First Holiday Finance, you could be entitled to make a claim.