01/06/09 ETOO membership re-instated
After an in –depth investigation further to consumer complaints, it has been decided to re- instate the membership of ETOO ( The European Timeshare Owners Organisation).
We are satisfied that ETOO have always acted in good faith and are indeed still representing the interests of their subscribers in the disposal of their unwanted timeshares or points.
The collapse of the resale market was caused by the greed and abuse within the timeshare industry, compounded with the unfortunate current economic climate.
In line with the OFT (Office of Fair Trading) guidelines, ETOO has agreed to waive future up - front fees and agrees that the terminology “Corporate offer” could have been construed as misleading and will be removed from their marketing strategy.
All clients who have listed their timeshares for sale with ETOO will have the opportunity to participate (subject to prequalification) in a proposed legal action to claim reimbursement in respect of irregularities regarding their original purchase and promises made at point of sale.
Full details of this NO WIN – NO FEE Group Litigation and an entry application can be found on our website.
ETOO have agreed to donate substantial funding to support their client’s claims and in doing so will require no further payment from their clients for their services in relation to pursuing this action and will further insure and indemnify their clients against any legal costs by way of insurance indemnification.
We are satisfied that ETOO are continuing to fulfil their obligations to their clients and have on this basis re-instated their membership.
01/05/09 National Timeshare Helpline
Itra has appointed the National Timeshare Helpline as their exclusive agents for the ITRA money back claim.
23/12/08 Settlement offer made in RCI Class Action Lawsuit in the USA
A settlement has been reached in the class action lawsuit which was filed against RCI in New Jersey, USA in 2006 on behalf of all members of RCI’s Weeks Program.
The lawsuit alleges that RCI improperly skims a large percentage of the timeshares from the RCI exchange bank system, including many prime timeshares, and rents those timeshares out to the general public for profit and also uses them for promotional purposes and as fringe benefits for its employees. The lawsuit further alleges that as a result of these practices, the actual experience of many RCI Weeks Program members is that they simply cannot find any comparable exchanges.
17/7/07 – ITRA meet with counsel in London
Itra arranged a meeting with Counsel to discuss the merits of forming a class action suit (Joint litigation action) against the parties who have deemed to mislead and cause distress to timeshare owners. Having studied the findings of our preliminary investigations Counsels opinion was that the case had merit and that further enquiries should be pursued .
