1 / 8

Alfredo Soler Valdés-Bango Doctor en Derecho. Abogado

Alfredo Soler Valdés-Bango Doctor en Derecho. Abogado. IFTTA Europe Workshop Budapest 3-5 April 2008 Travel Agents and organizers “economic injuries” and travellers’ remedies By Alfredo Soler Valdés-Bango. Problem: Travel agents and Travel organizers insolvency

skyler
Download Presentation

Alfredo Soler Valdés-Bango Doctor en Derecho. Abogado

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Alfredo Soler Valdés-BangoDoctor en Derecho. Abogado IFTTA Europe Workshop Budapest 3-5 April 2008 Travel Agents and organizers “economic injuries” and travellers’ remedies By Alfredo Soler Valdés-Bango

  2. Problem: Travel agents and Travel organizers insolvency Traveller is abroad (language/money) Transport and accomodation firmas deny services because of the TO failing

  3. Alfredo Soler Valdés-BangoDoctor en Derecho. Abogado Answers: • Directive 90/314/EEC on Package Travel (1992), article 7 • No provisions regarding contracts between TO and transport or accomodation firmas • Financial provisions: the organizer and/or retailer party to the contract shall provide sufficient evidence of security for the refund of money paid over and for repatriation of the consumer in the event of insolvency

  4. Alfredo Soler Valdés-BangoDoctor en Derecho. Abogado Spanish Situation New legal framework: • RD Legislativo 1/2007, 16th november (new LGDCU y otras normas), Libro IV, tit.I, cap. I, artículos 150-165 • No detailed (art.163): regional regulations OM 14th april 1988

  5. Alfredo Soler Valdés-BangoDoctor en Derecho. Abogado Financial Provisions (OM 1988 and regional provisions) How and how much: a) Bonding (liability, performance, surety, state bond); monies in trust; Quantity: between 60000 – 180000 euros b) Insurance (contractual liability) minimum 450000 euros Which covers: Only money sums declared by final sentences or arbitral awards (the consumer must get through a judicial/arbitral process)

  6. Alfredo Soler Valdés-BangoDoctor en Derecho. Abogado New Insolvency Law Ley Concursal 22/2003 • Special provision on bilateral contracts: art. 61 • It states: the insolvency provision does not mean the contract becomes voidable. Both parties must fulfill it although one of them gets bankrupt. • The obligations will be fullfilled by the debtor administrator’s

  7. Alfredo Soler Valdés-BangoDoctor en Derecho. Abogado That means in practical terms: • Travellers may ask for the correct fulfillment of the travel contract to the debtor administrators • In case the transport companies deny the fullfilment f they choose to travel back home, Travellers could be refund by means of bondings or insurance provisions

  8. Alfredo Soler Valdés-BangoDoctor en Derecho. Abogado

More Related