The Nordic Consulting is pleased to showcase another court case victory on behalf of its clients – Mr & Mrs Alvarsson – in relation to a claim for an investment know as the Excel Overseas Lodging Participation Program -sold by Silverpoint Vacations SL and Homes Under The Sun SL.
When the plaintiffs were staying in an Excel resort in Tenerife in 2017, they were conned out of money that was sent to Excel Overseas Holdings Limited – a company registered in Dubai. Incredibly, only a year or two after the investment was made the company went into liquidation.
Fortunately for the investors, our lawyers were able to link the sale of this questionable investment to companies in Spain. This has meant that legal claims can be made against these Spanish companies and the claims can be processed through the Spanish courts.
The Courts of Arona, Tenerife, awarded our clients a total of £ 31.572 plus interest and costs and also declared the original investment contract null and void.
In particular the court has demanded that the payment be made by Silverpoint Vacations SL and/or Homes Under The Sun SL. Interestingly, Homes Under The Sun SL is still trading and still has assets registered in its name, including apartments in Beverly Hills Club – the hotel in Los Cristianos managed by Excel Hotels & Resorts SL.