Gibraltar-based Holiday Home Company In Legal Suit

'Trapped' City investors wage war on luxury holiday home company Hideaways Club in Gibraltar legal row

Hideaway Club

The Gibraltar-based group is facing a lawsuit from incensed investors who claim they have been trapped into paying tens of thousands of pounds in annual fees despite some being unable to stay in a Hideaways property of their choice for years.

One investor told The Mail on Sunday: 'This is the Hotel California. You can check out any time you like, but you can never leave.'

The Hideaway Club says in response there is a service which enables some members to leave – but shareholders respond that they would have to accept a hefty discount. The company is taking legal action through the Gibraltar courts against some members over fees.

But a group of about 70 self-described 'rebels' are filing a class action lawsuit in Gibraltar against the club, the first time such a motion has been attempted in the territory. They are being represented by two law firms there, Peter Caruana & Co and CruzLaw LLP. Investors have also approached the UK's financial watchdog, the Financial Conduct Authority (FCA), and asked it to investigate, claiming they have been 'fobbed off' by the Gibraltar Financial Services Commission.

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YOU shall NOT steal. Neither shall you make up your own laws to enable you to do so by deceiving people.

Court blow for investors in Hideaways fees battle

A Gibraltar court ruled that The Hideaways Club could continue to charge members even if they have not been using its properties.

The firm faces a separate lawsuit from investors who claim they face demands for tens of thousands of pounds in annual fees despite some saying they have been unable to stay in a Hideaways property of their choice for years.