The Timeshare Directive was adopted in 1994 and gives timeshare buyers rights throughout the European Union. It applies to any timeshare contract made under the law of an EU country or where the property is in the European Economic Area (EEA). All Member States have implemented the directive into their national law.A public consultation on the review of the Directive was launched on June 1st 2006. In addition to the question of the extension of the scope of the Directive, other issues are raised; e.g. the length of the cooling-off period, updating the list of information requirements, financial and professional requirements, the ban on advance payments and criminal sanctions for infringements. Submissions to DG SANCO’s Consultation Document on the Review of the Timeshare Directive can be found here.
