Commission ensures timeshare protection across EU

Monday June 4th, 2012

The European Commission has closed an infringement case against Spain on the Timeshare Directive (Directive 2008/122/EC) after the country notified the Commission of a new law (Decreto-ley) transposing the rules.

The Commission also closed a case against the UK following its recent transposition of the Directive for Gibraltar. As the Commission also closed cases against Lithuania, Poland and Slovenia on 22 March, this means that all Member States have now transposed the Directive into their national law.

The new Timeshare Directive, which replaces an older Directive from 1994 (Directive 1994/47/EC), was due to be transposed across the EU by February 2011. The new rules provide significant protection for consumers against unwanted timeshare contracts and contracts on similar holiday products, which often bear considerable financial risks for consumers. In particular, it has extended consumer protection to additional holiday products, for instance timeshare contracts for a period under three years, timeshare-resale contracts, timeshare exchange schemes and long-term holiday products such as participation in holiday discount clubs. There is now a uniform EU-wide 14-day cooling-off period, during which consumers may change their mind and withdraw from the contract while traders may not ask for any payments.

EU Justice Commissioner,Viviane Reding, said:

“The EU agreed on these common rules to protect its citizens against unwanted timeshare or timeshare-like contracts. Several Member States were late in providing the required protection to our citizens. But today we finally have good news for consumers: all Member States have put in place national measures to implement the EU rules on timeshares. The Commission’s persistence has paid off, to the benefit of European consumers.”

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