07-05-2020, 01:31 PM. 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. Independent journalism costs money. We queried this with the liquidators, who have replied advising that they have now updated these members. Somerset, 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. Kindly check your inbox after sign-up to confirm subscription. In 2015, Corinthia Group assumed 50 per cent share of the company as part of their takeover of the Island Hotels Group. Here we go again. The company hit the news after it faced allegations of misselling timeshares to hundreds of British holidaymakers in 2019. In 2017 Malta switched its primary source of energy from heavy fuel oil to natural gas. You also have the option to opt-out of these cookies. You can find out more about which cookies we are using or switch them off in settings. Ex-Manchester United football players Gary Neville and Ryan Giggs once held shares in the company. Huntingdon, England, United Kingdom. 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? 10am 4pm Mon-Fri (GMT) So who are Themis? When a company is deemed to be solvent, the liquidation process would typically involve a members' voluntary winding up which is triggered by the shareholders of the company. Inside Timeshare has received many enquiries as to what is going to happen to members of the "club"? 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. Limited and Mr Barry Lynch of Alvarez & Marsal Cayman Islands Limited. Radisson Blu Golden Sands. This is an ongoing review process by the UK Financial Conduct Authority (FCA) and will continue. 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. 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. So effectively, its business as usual, but not according to Themis Resolution. We again advise members / owners to be extremely cautious if approached regarding claims said to be connected to the liquidation process. Malta, but not capital gains arising outside Malta, received in Malta. Barclays Bank has been forced to compensate 1,500 customers who were missold timeshare loans worth up to 48 million by Malta's Azure Services, a Corinthia-owned tourism and timeshare company at the Radisson Blu Golden Sands. By Cameron Macphail 8 March 2017 4:15pm. The Joint Liquidators act as agents of the Companies and without personal liability.ANSWERS TO SOME COMMON QUESTIONS.Why did the Company go into liquidation?The Company was placed into liquidation by its shareholders in accordance with the British Virgin Islands Insolvency Act 2003 (the "Act"). Roger Chessell, a Xagra resident, was at Dwejra when the window collapsed at . | 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. 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. The window is a towering rock formation reaching 328 feet (100 meters) high with a . If you have any questions on this letter please contact the liquidators at the address provided in the letter. Sources have claimed that the company also applied for and received the COVID-19 supplement for the April salary. How you purchase the Azure plan is similar to purchasing any other subscription. 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. Photo: GettySub. 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. analyse how our Sites are used. 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 . August 11, 2022 09:19 Tista' taqra dan l-artiklu bil-Malti hawn The government has established advanced plans to dissolve Air Malta later this year and transfer its few remaining profitable assets to a new airline, similar to what has already been done in Italy with Alitalia. On 28 April 2020, Mr Wesley Edwards of CVR Global (B.V.I.) The below update was sent to Azure consumers yesterday. Darrin Zammit Lupi/Reuters By Tamara Best. When we do this, YouTube may store cookies in order to track how people are watching videos on their site. We would also urge Azure timeshare owners to be very cautious regarding any approaches made regarding compensation claims. 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. 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. If you want to know more about what cookies are and how to control them, aboutcookies.org is a great resource. From the copy email that we received, Themis are obviously mounting a cold calling campaign from stolen Azure client data. If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for $69 per month. Helpline Hours Copyright 2023 Timeshare Termination Team. The first creditors meetings have taken place with regard to the various Azurecompanies. Find many great new & used options and get the best deals for 1887 US Indian Head Penny Coin - Estate Find Blue Book Collection Liquidation at the best online prices at eBay! He said: I cant believe I fell for it. or The UKs financial conduct watchdog is investigating 54 million in loans made to Golden Sands timeshare buyers. We are using cookies to give you the best experience on our website. offers FT membership to read for free. Hours. 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 Select Segment Commercial, then type "Microsoft Azure". Please enable Strictly Necessary Cookies first so that we can save your preferences! 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). 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. We use cookies on this site to enhance your user experience. 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. 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. 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. Timeshare Consumer Association Limited is registered as a data controller with the information commissioners office (ico) under registration number: ZA765267. KwikChex continues to urge caution regarding any approaches to timeshare owners by businesses offering compensation services and will be pleased to help owners evaluate any such approaches. Click here to browse all stories. This website uses cookies to improve your experience. Around 80 people lost their jobs right before Christmas. Limited and Mr Barry Lynch of Alvarez & Marsal Cayman Islands Limited, were appointed Joint Liquidators of Azure Resorts Limited and Azure XP Limited. 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 stated that the scaling down process of the Azure Group has run its natural course and a liquidation process has commenced. A study in 2013 said that while erosion was . KwikChexis a Registered Trademark, KwikChex Ltd, You can configure or reject the use of cookies or obtain more information in our Privacy Policy. However, it later discovered the staff were employed by the unlicensed Azure Services Limited. Azure Services Ltd was set up in 2003 when the resort, which belonged to Island Hotels Group, had opened its doors. Azure Services Ltd Malta Liquidation. The winding up decision was taken through a resolution approved by the shareholders of Azure Services Ltd on April 27. Two geological wonders sit side-by-side on the Maltese island of Gozo: the Azure Window and the Blue Hole. For and on behalf of FNTC (UK) Ltd. Elon Musks Twitter is dying a slow and tedious death. Lovin Malta has spoken to previous customers of the timeshare operation who regularly described loans with generally high-interest rates. journalists in 50+ countries covering politics, business, innovation, trends and more. This is borne out by the fact that there is no reference to either the status of Ltd or SL on the website and furthermore there is no company registration number either. If they know more about you than they should, thats also not a good sign. Cookies are small files that are sent back and forth with web pages, which can be used to identify that you have previously visited a site or to store small bits of information locally with you. Barclays told the tribunal that in 2017 it received only 63 mis-selling complaints of timeshare loans, two of which it upheld. . There are no loans outstanding and even if there was it would be highly unlikely that First National Trustee Company (FNTC) would once again put the club in jeopardy. During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. Alternatively, fill in your details and we will call back. 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. The official Island Hotels document explaining the footballers investments said: The high profile of each of the investors in the sporting field is calculated to enhance the groups overall public relations and image and profile., One of the timeshare buyers,CharlesRebbeck, 41, from East Sussex, told the Times of London that he received a cold call in the UK offering him a weeks holiday at the Golden Sands resort with his family for 150. 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. Taunton, 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/. The customer story you selected is no longer available. Out of the blue Azure timeshare owners received emails from the Company's Joint Liquidators Mr Wesley Edwards of CVR Global (B.V.I.) 386] regulates the liquidation of a company registered in Malta. Turning to the website, it was only registered on16th September 2020and is set to expire on16th September 2021. A vote on the potential nominee for the office of the liquidator will also be taken. All of these matters are likely to be complex and take some time and KwikChex will do all possible to provide updates. 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. 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. Be aware that disabling cookies will affect the functionality of this and many other websites that you visit. 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. This website uses Google Analytics to collect anonymous information such as the number of visitors to the site, and the most popular pages. Azure Malta | 2,050 followers on LinkedIn. 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. All Rights Reserved. Nov 2021 - Present1 year 5 months. Martin Brylka 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. Barclays had a contract with Azure Resorts Limited, which was authorised by the UK Financial Conduct Authority for credit brokering. I am responsible for the creation, maintenance, and distribution of all Executive Level monthly Management Accounts. Kindly check your inbox after sign-up to confirm subscription. In 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. Boss the game, deliver masterful ball control, and be the apex Predator in your game. All shareholders have reaffirmed their commitment towards the future of the Golden Sands Resort as a high-end luxury destination. The other half is owned by a group of international investors specialising in timeshare resort operations. Google Chrome 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. With regard to matters related specifically to Azure Services Ltd. such as the review ordered of loans for timeshares that took place between 1 April 2014 and 24 April 2016, this matter remains ongoing. Sources told Lovin Malta that the decision to liquidate the company was taken on 27th April but staff were only informed on 5th May. Latest TimeshareTaskForce Customer Testimonial, Request for Erasure/Remove Consent/Subject Access Request/Update Data. You can still enjoy your subscription until the end of your current billing period.