Test case may provoke 'long-overdue shake up in opaque world of timeshare exchange companies', says Edwin Coe litigator
Around 500 claimants will bring a High Court action against a timeshare exchange club over alleged 'skimming off' of members' properties.
RCI Europe is accused of renting out the most desirable properties to others while retaining the rental funds for its own benefit, rather than making them available to club members.
Furthermore, select timeshares were routinely made available for use by RCI employees through incentive reward schemes.
The claimants state this often left them unable to exchange their right to use a holiday property for an alternative holiday property in a different location of the same value.