Further statement regarding the civil lawsuits filed against Silverpoint Vacations, S.L.
Further to our statement that we sent out in January regarding the Civil Lawsuits in which Silverpoint Vacations, S.L. has been involved, the Hon. Provincial High Court of Santa Cruz de Tenerife has continued to pass all of its Rulings in favour of Silverpoint Vacations, S.L, categorically stating that there is no reason whatsoever why the contracts which were entered into should be declared null as, amongst other things, the purchasers were perfectly aware of what they were buying and also because they were not misled or pressurised into signing the contracts.
There have also been 34 new rulings from the first instance judges since January in favour of Silverpoint Vacations, S.L
As we stated back in January it has been the High Court itself which has stated in some of its Rulings that it seemed as if the purchasers were looking for an excuse to get out of their contracts without having any justifiable reason to do so. Therefore, in view of the High Court’s case-law any lawsuit filed for the same reasons against Silverpoint Vacations, S.L. is more than likely to end in total failure. This is what we are seeing now with these further 8 cases in our favour.