Legal Institutions / Associations / Services
Law is a collection of rules decided by a particular country, designed to keep the peace and bring about order in society. The courts and/or police can enforce systems of law as well as punish those who break the law and cause harm to others. This can amount to ordering a fine, various other remedies or damages to those harmed or offended.
In ancient societies, laws were written by the few to benefit the few and at the expense of the many, however the many vote on the laws proffered by the few which intend to deliver benefit to the many.
Each right, law, edict and regulation, has been hard fought for and should be protected. In the timeshare market bespoke laws came into existence to project those who bought timeshare and those laws were added to and amended to protect many in the timeshare market including consumers and honest merchants.
Being part of the European Union, laws have been provided as well as those bestowed upon us by government. Explained simply, the EU law trumps the laws in each country in the event that a conflict exists, therefore this is the first port of call in matters concerning timeshare. The legal system allows for two distinct types of resolution tracks to settle a dispute, either contentious (going to court) or non-contentious (having the matter arbitrated, meditated to fairly assess having regard for the law).
As each country has a different culture you will find variations in the laws from region to region. For example and in short, contract law sets rules on agreements many enter into, to buy and sell items and service;s and property law states the rights and obligations that a person has when they buy, sell, or rent homes and land (called real property or realty), and objects (called personal property). Trust law (business law) sets out the rules for money that is put into an investment, such as pension funds that people save up for their retirement. It involves many different types of law, including administrative and property law.
Tort law helps people to make claims for compensation (repayment) when someone hurts them or hurts their property.