Bordeaux Fine Wines Limited

An order was made on 19 December 2013 by the court on presentation of the petition for interim insolvency and a provisional liquidator has been appointed.

The Croydon-based firm sold wines from Bordeaux and other fine wine producing regions by cold-calling potential investors.

“The Official Receiver has been appointed provisional liquidator of Bordeaux Fine Wines,” read a statement from the Insolvency Service. “The role of the provisional liquidator is to protect assets in the possession or under the control of the company pending the determination of the petition.”

“The provisional liquidator also has the power to investigate the affairs of the company insofar as it is necessary to protect the assets including any third party or trust money or assets in the possession or under the control of the company,” it added.

If you purchased wine from Bordeaux Fine Wines Ltd, which they were holding for you, whether in bond or not, please contact Edwin Coe.

Edwin Coe is representing a group of claimants in legal proceedings arising from timeshare products sold by St Frances Marketing Ltd trading, on occasion, as Buena Viva and based in Exeter. St Frances was a successor company to Easysave Finance Ltd (“Easysave”), which traded as Leisure Time Promotions. St Frances sold two types of time share schemes: “Classic Cruiser”, which gave the right to use a Thames cruiser; and holiday points, which could be exchanged for time spent in holiday accommodation.

Claimants were generally telephoned and told that they had won a free holiday. In order to claim the prize, they were invited to attend a presentation.

Proceedings were issued against GE Money and Barclays on 16 March 2010, with a view to seeking cancellation of the contracts and repayment of any monies paid. The Proceedings were issued in the Mercantile Court in London. Both lenders accept that the Consumer Credit Act may make them liable for the alleged wrongdoings of St Frances.

Latest: sample cases settle out of court – June 2011

At the presentation, attendees were told about the benefits of buying a timeshare. Claimants say that the true nature of what they were buying was misrepresented to them. In order to finance the purchase of the product, attendees were asked to enter into a loan agreement with either GE Money or Barclays. Attendees left the presentation having purchased either the points or the right to use the cruiser and having entered into an agreement with either GE Money or Barclays.

Proceedings were issued against GE Money and Barclays on 16 March 2010, with a view to seeking cancellation of the contracts and repayment of any monies paid. The Proceedings were issued in the Mercantile Court in London. Both lenders accept that the Consumer Credit Act may make them liable for the alleged wrongdoings of St Frances.

Latest: sample cases settle out of court – June 2011

The hearing to determine how the claim would be managed going forward took place on 29 July 2010. The Court ordered that seven sample cases would proceed to trial, with all other claims being stayed in the meantime.

The sample cases have now been settled out of Court. The trial window was due to start on 20 June 2011 but it has been vacated. The terms of the settlements are strictly private and confidential and cannot be shared with any third parties.

The three parties involved in the litigation – the Claimants and the two Defendants – are now working on trying to settle the stayed claims.