Click here to view the PDF notification that has been issued concerning this. The winding up decision was taken through a resolution approved by the shareholders of Azure Services Ltd on April 27. If you are approached we would advise that you get as much information as possible and contact the Timeshare Helpline and advice.This free service is funded by EUROC and is operated by Kwikchex, who are approved 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. www.azuregoldensands.com Azure Golden Sands is a 5-star Mediterranean resort in Malta. All shareholders have reaffirmed their commitment towards the future of the Golden Sands Resort as a high-end luxury destination. In the first instance Azure Resorts Ltd selling at Golden Sands in Malta stated that they had an aggressive resales scheme and that we should keep it for 1 year and they would then buy it back (at a profit to us as the place was not yet built). We are using cookies to give you the best experience on our website. Did you take out finance with Barclays Partner Finance , VFL , FNTC , or Honeywell finance ? 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. Azure Services Ltd file for liquidation Posted on May 6, 2020 Radisson Blue Resort and Spa, Golden Sands It has been brought to our attention that Azure Services Ltd have filed for liquidation. Copyright © 2018 Resort Development Organisation, Company No. On 7th May 2020 it was announced that Azure Resorts Limited had entered liquidation. You can find out more about which cookies we are using or switch them off in settings. We make use of a tool from Google called Google Analytics, which tells us about the way people are using rdo.org. 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. Azure Services has closed down . Both Azure Resorts Ltd and Azure Services Ltd began liquidation proceedings in April 2020. In a statement published on 5th May 2020, IHI, the holding company for the Corinthia Hotels Group, who own 50% of the Golden Sands Resort and the Azure Group, stated that the shareholders remain committed to the future of the Golden Sands Resort as a high-end luxury destination. Timeshare and loan terminations Azure Resorts. Kentisbury Grange in Devon will, we believe, only be available for private bookings and not for Club members. The company noted that it has every intention to ensure that the upcoming liquidation is conducted in an orderly manner and that timeshare owners will continue to enjoy the same service and benefits as they have for the past years. Chapter 386 of the Laws of Malta provides for processes of dissolution and winding up in relation to both solvent and insolvent companies. The sales operation concerned centred on the Golden Sands resort (a prestigious Radisson Blu franchise). If you own a timeshare in Radisson Golden Sands in Malta, contact Graham Mitchell at LR Lawyers ( +44 20 86380642) for a free consultation to find out if you can recover your investment. Azure Services Ltd. Malta Liquidation 07/05/20 KwikChex has been informed that Azure Services Ltd. of Malta has entered into liquidation proceedings. The latest news now is that Azure Resorts Limited has also filed for liquidation on 28 April 2020, the “Joint Liquidators” are: Mr. Barry Lynch of Alvarez & Marsal Cayman Islands Limited, PO Box 2507, 2nd Floor Flagship Building, 70 Harbour Drive, George Town, Grand Cayman, Cayman Islands, KY1-1104 Get alerts on … Azure Malta Liquidation . A dedicated webpage has been set-up to keep owners and creditors informed https://cvr.global/azure/. If you disable this cookie, we will not be able to save your preferences. What happens when a resort has been caught mis-selling Financial product (loans) link to timeshares? May 5, 2020 at 2:46 pm Azure Services, a Corinthia-owned tourism and timeshare company at the Radisson Blu Golden Sands, has filed for liquidation amid the COVID-19 pandemic, leaving roughly 30 jobs at risk. AZURE, Il-Mellieħa, Malta. Out of the blue Azure timeshare owners received emails from the Company’s Joint Liquidators Mr Wesley Edwards of CVR Global (B.V.I.) By browsing this site you are giving your consent for us to set cookies. He worked in industry for a short while before entering legal practice on a full-time basis. On 7th May 2020 it was announced that Azure Resorts Limited had entered liquidation. It uses cookies to detect how long people stay on the site, which pages they visit, their country of origin and whether they are a new or returning visitor. On 28 April 2020, Mr Wesley Edwards of CVR Global (B.V.I.) Golden Sands in Malta will remain for the time being, as it is owned and operated by Azure, a separate company. Where are the beaches in Malta ? RDO members can log in to rdo.org, and when they do we use cookies to track that they have logged in. Azure Resorts Limited has entered into liquidation procedures Azure Resorts Limited, which manages Golden Sands Island Residence Club based in Malta, … When we do this, YouTube may store cookies in order to track how people are watching videos on their site. Azure Services Ltd did not respond to a request for comment. Golden Sands Resort Malta Timeshare Claims. You can prevent the setting of cookies by adjusting the settings on your browser (see your browser Help for how to do this). Neville, 43, resigned as a director of Island Hotels in September 2015 when the company was merged with IHI plc. Anglers Reef in the Florida Keys is also in the process of being sold and they are down to one remaining townhouse. IHI owns 50% of the Golden Sands Resort and the Azure Group. Out of the blue Azure timeshare owners received emails from the Company’s Joint Liquidators Mr Wesley Edwards of CVR Global (B.V.I.) 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. 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 … When I contacted them regarding this they denied all knowledge. Sometimes we include content from other sites on our site, for example, YouTube videos. A Landmark decision is made which opens the door to millions in damages and that why has just happened in the case of Azure Resorts in Malta and its supporting banks. We use our own and third-party cookies for analytical purposes and to show you personalized advertising based on a profile prepared from your browsing habits (for example, pages visited). Now, in this article by the Times, former footballer Gary Neville has been linked to an alleged mis-selling of Timeshares in Malta and has been connected with the Azure group. But Azure was found to have operated without authorisation under British law to act as financial broker between April 2014 and April 2016. www.azuregoldensands.com Azure Golden Sands is a 5-star Mediterranean resort in Malta. What are the must sees in Valletta ? A company should contact professionals in the field to make sure all the required forms and documents are compiled and filed with the authority […] In fact, the Golden Sands Resort will fully honour all timeshare commitments arising from obligations entered into with existing members. It is definitely not an easy procedure and requires in depth knowledge of the Malta accounting legislation. Azure Services Ltd. Malta Liquidation 07/05/20 KwikChex has been informed that Azure Services Ltd. of Malta has entered into liquidation proceedings. Click here to view the PDF notification that has been issued concerning this. He subsequently served three years as Chairman of the board of Telemalta Corporation, at the time, the State-owned telecommunications monopoly. posted 11th May 2020 ... 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. The full statement can be read HERE. You can configure or reject the use of cookies or obtain more information in our Privacy Policy. The remaining 50% is owned by international investors specializing in timeshare resort operations. We use cookies to track the number of âopensâ and âclicksâ on both newsletters RDO Weekly News and RDO Insider. They claim Azure is a leading European specialist in the vacation ownership industry, have over ten years of experience in Malta and have developed a unique range of innovative lifestyle products. Azure Resorts is yet another of the infamous late Bob Trotta companies under the umbrella of Limora Group.The products sold were the same as those peddled by their sister company in Tenerife, Silverpoint.They operate out of the Golden Sands Resort in Malta and as we reported some time ago they laid off around 70 staff from their sales team. For these to work the social media will set cookies through our site which may be used to enhance your profile on their site or contribute to the data they hold for various purposes outlined in their respective privacy policies. Now the timeshare owners have been notified that the owner Azure Resorts Ltd has entered into liquidation which means that their investments are at risk. “club members’ rights are not prejudiced by this liquidation” I wish to take this opportunity to reiterate that club […] For all the latest news and views from RDO. 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. The Azure Group carried out the sales function of the timeshare operation at the Golden Sands Resort for the past 17 years. Since then they have launched new products Azure … We roll out the red carpet so you can access 1,000s of thrilling luxury products including supercars, motor yachts, boutique lodges, chic hotels and award-winning resorts. If so let us claim back your money on a No Win No Fee basis . In the interim, should you have any queries pertaining to the liquidation process and/or the appointment of the new Club manager, please contact azureresortsliquidation@cvr.global. Azure Resorts Limited has entered into liquidation procedures. 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. Dr. Richard Galea Debono graduated as a Doctor of laws from the University of Malta in 1977. You may feel intimidated by the term ‘liquidation’ or ‘dissolution’ and what it implicates. Azure Resorts Limited has entered into liquidation procedures, Anfi Emerald Club resort has become a âhotel on callâ for emergency situations, Anfi begins the easing of its own lockdown with the reopening of its luxury villas in Tauro, https://rdo.org/industry-updates/new-club-manager-appointed-for-azure-resorts/, Hilton Grand Vacations to Acquire Diamond Resorts, Interval International and Eagle Aruba Resort & Casino sign multi-year affiliation renewal, Telephoning from outside the UK: 00 44 1823 510625. RDO acknowledges that this is a very uncertain time for owners at either of the Clubs managed by the companies in liquidation, but would strongly advise owners to be very cautious regarding any approaches made regarding âcompensation claimsâ, as we have seen many examples of attempts to defraud consumers in similar circumstances. Azure Malta provides Vacation Ownership opportunities, making dream vacations a reality. Barclays told to compensate customers for Malta timeshare loans Bank will refund all interest, fees and charges for loans connected with Azure Resorts, which used famous footballers in its advertising Call us today for free legal guidance and updates . If you want to know more about what cookies are and how to control them, aboutcookies.org is a great resource. The Joint Liquidators are currently in discussions with third parties to appoint a new manager to the Clubs, and once this is completed owners will be able to use their timeshare entitlement in accordance with the relevant Club constitutions, rules and regulations. 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. Click here to view the PDF notification that has been issued concerning this. The finance watchdog is investigating after £47million in loans were given to Brits looking to buy timeshares in Malta that were part owned by Gary Neville, 43. There are three main steps in the liquidation process: Dissolution – the point in time when the company resolves to liquidate due to a variety of reasons to be discussed further on. Azure Timeshare. 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. We also use social media buttons and/or plugins on this site that allow you to connect with your social media network(s) in various ways. To discover more, apply for a taster week at the 5 star Golden Sands Resort & Spa in Malta. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. 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. Thank you for your enquiry. Travelling around Malta using Public Transport; Arriving by cruise ship - what to see and how to get there; FAQ - How can I get from Malta Airport to my hotel; Can you give me some info regarding car hire and Rules of the Road ? Limited and Mr Barry Lynch of Alvarez & Marsal Cayman Islands Limited. What is there to see and do in Malta ? Please enable Strictly Necessary Cookies first so that we can save your preferences! Azure X is a private membership created for true connoisseurs of leisure. Be aware that disabling cookies will affect the functionality of this and many other websites that you visit. When you use our websites to view the information we make available, a number of cookies are used by others and by third parties to allow the website to function, to collect useful information about visitors and to help to make your user experience better. Azure tailors luxury club memberships to today's demanding market and has fast become a worldwide leader in the Vacation Ownership industry. 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. Limited and Mr Barry Lynch of … Meanwhile, any action taken with respect to the curtailment of employees will be made in line with all local regulations. This website uses Google Analytics to collect anonymous information such as the number of visitors to the site, and the most popular pages. Azure Liquidation Updates. We use cookies on this site to enhance your user experience. 35K likes. Rizzo, Farrugia & Co. (Stockbrokers) Ltd. © 2021. Axure XP Limited (in Liquidation) (the “Company”) Please be advised that the Company is in liquidation and authorised communications on behalf of the Company will only be sent directly from the liquidators and their respective teams. Login below for access to exclusive content. Azure Resorts Ltd still remains a member of the Resort Development Organisation [RDO] as Developer member. This means that every time you visit this website you will need to enable or disable cookies again. Sources told Lovin Malta that the decision to liquidate the company was taken on 27th April but staff were only informed on 5th May. 27 talking about this. Limited and Mr Barry Lynch of Alvarez & Marsal Cayman Islands Limited, were appointed Joint Liquidators of Azure Resorts Limited and Azure XP Limited. Azure Services Ltd and Azure XP Ltd in Liquidation. Keeping this cookie enabled helps us to improve our website. Posted on November 23, 2020 Here we go again. 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. 109519. As previously advised, the Azure companies and the Club are separate entities. Resort & Spa, Golden Bay, Limits of Mellieħa, MLH 5510, Malta (“GSR”); (b) Azure Services Limited, a limited liability company registered under the laws of Malta with company registration number C31224 and with registered office at Level 1, LM Complex, Brewery Street, Mrieħel, Microsoft is radically simplifying cloud dev and ops in first-of-its-kind Azure Preview portal at portal.azure.com
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