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 […]
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 […]
The investigation by the DGCCRF (Direction Générale de la Concurrence, de la Consommation et de la Répression des Fraudes) in France into the mis-selling of leaseback properties to around 200 purchasers is ongoing. Apparently. The scope of this investigation has not been confirmed. The timelines for its conclusion have never been given. The CCPC (Competition […]
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 express our gratitude to Brian Hayes MEP, and also to his team, who supported our campaign. Brian engaged with the CCPC and European Commission on our behalf and helped drive the consumer cross-border complaint resolution process that is currently in train. Now Brian is leaving politics after a long and fruitful career, and […]
We conducted a survey of owners to build a clearer picture of the problems experienced, the views of owners (with the benefit of hindsight), and details of the agents and operators involved. 346 of you responded – a fantastic response ! So many thanks to all of you for taking the time. There were multiple […]
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 […]
Contractual ‘hidden terms’ and Eviction Compensation Is there a systemic failure by the French authorities to protect consumers by devising a tax incentive which was aimed at ordinary consumers, and designed to promote investment in infrastructure in the French tourist sector, but which required a commercial lease contract to be signed by the consumer, a […]