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Timeshare
What does new Directive on Timeshare bring to consumers?3. 6. 2011 At the end of February this year (effective on 23.2.2011), the new European Directive 2008/122/ES on the protection of consumers in respect of certain aspects of timeshare, long-term holiday product, further sale and exchange contracts was implemented in the Czech Civil Code through the Act no. 28/2011 Coll. The aim of this article is to acquaint consumers with the practical impact of the new directive. 'Timesharing’ is the right to use a facility for accommodation purposes in a set timeslot during the year for many years in advance (at least three years). Timeshare agreements in the Czech Republic are regulated by the civil Code (Sections 56–65). It very often exploits consumer ignorance and trust. Consumers could face losses running into hundreds and thousands of crowns. For more information see the ECC Timeshare leaflet. The unfair commercial practices of some timeshare companies and holiday clubs. Holiday Clubs - A RecommendationBe careful with your money! The estimated number of victims has been counted into hundreds in the Czech Republic.EU steps up protection for holiday makers Consumers: EU steps up protection for holiday makers for Timeshare holidays and holiday discount clubs. |