EC Commissioner for Justice, Didier Reynders, responded to a parliamentary question posed by Irish MEP Clare Daly on the action to be taken to provide justice for those abused in the purchase of French leaseback properties. Commissioner Reyners’ reply suggests that the European Commission have forgotten just who they represent! The unwillingness for the EC […]
Purchasers of French leaseback properties who submitted consumer complaints to the CCPC alleging mis-selling have received confirmation from the CCPC that the DGCCRF (French consumer national authority) criminal investigation is now complete. This process started in 2017 and is welcome news. Their report will be handed over to the French public prosecutor who will decide […]
Clare Daly MEP has put a question to the European Parliament in relation to the scandal of French leaseback properties. She specifically focuses on the enduring nature of the lease contract or ‘eviction compensation’ to exit and asks what steps the EC plan to take to ensure that France upholds its obligations under Directive 93/12/EEC. […]
Peter O’Dwyer reports in the Sunday Business Post that the CCPC has written to the DGCCRF requesting an update on their investigation into the alleged scam involving the French leaseback property purchases by Irish consumers. The CCPC have stated that an assessment will be made on the information provided by the DGCCRF in order to […]
Tánaiste Leo Varadkar (former Irish Prime Minister) was questioned in the Dáil (Irish parliament) this week on progress made by the CCPC on the 150 complaints made to them by Irish consumers in relation to French leaseback purchases. The question was posed by Catherine Connolly TD. Mr. Varadkar replied: “The CCPC received complaints from Irish […]
Mairead McGuinness MEP, 1st Vice President of the European Parliament, has provided this update from the DGCCRF to owners. The same update has been provided by the CCPC (in Ireland) and CMA (in UK) to owners who submitted complaints to the DGCCRF on the mis-selling of French leaseback properties: On the basis of the 188 […]
10th Jan 2020 – Update from CMA: The CMA in UK have indicated to owners that they are due to have a teleconference with the DGCCRF and their Irish counterparts (CCPC). It seems the DGCCRF investigation has not yet concluded… 8th Jan 2020 – Update from CCPC: Please be advised that the CCPC is waiting […]
France TV 2 news programme Journal featured a piece on French Leaseback on 17th July 2019. It featured one owner from a residence de tourisme in Deauville and another owner from Domaine des Fontenelles, operated by Madame Vacances. It seems that MMV are looking for €50k eviction compensation from this owner, while the contract that […]
We would like to build a clearer picture of exactly who the key players were in the sale of problematic French leaseback properties. To do this we’re asking people to complete a very short survey telling us who was involved in your original leaseback purchase. By creating a profile of the various parties involved, we […]
The Court of Appeal in Montpellier finally cancelled a lease in a case taken by the owner and his wife at the end of the 9 year lease duration. Many owners purchased their French leaseback property on the understanding that the lease was for 9 years (or in some cases 11 years) and after that […]