Timeshare Industry in Spain Set To Collapse .

New court ruling in Spain on the 27 of May 2010 is set to see an avalanche of timeshare compensation claims against developers, the ruling can now be used by European timeshare owners to seek compensation from illegal contracts signed after 1996 In Spain and its territories. It is now thought that up to 400,000 contracts were made illegally after 1996, industry experts believe that timeshare compensation claims could reach 2,000,000,000 (Billion) Euro .

More at http://www.spainexpat.com/spain/forum/viewthread/3705/P570/  Spanish Financial News by Jurdy