New developments in the context of financial contingencies and legal liabilities in the timeshare sector in southern Gran Canaria, the most lucrative fractional holiday property market in Europe. The Civil Chamber of the High Court, has issued an order agreeing to review the defense strategy of Anfi Sales S.L., the marketing subsidiary of the Anfi Group, a tourism giant whose hotel and timeshare complexes dominate the coastal cliffs of the municipalities of Mogán.
The holiday rental giant is seeking to overturn an unfavorable ruling by the Provincial Court of Las Palmas, issued in July 2024. That ruling upheld the annulment of a purchase agreement signed on July 4, 2013, requiring the return of the amounts paid by a retail buyer. The lower courts in Gran Canaria had determined that the contract was void due to the lack of clarity regarding its object, a violation linked to the business model of the so-called “floating weeks” or floating super-network season, a system that sells holiday periods without assigning a fixed week or a specific apartment number.
The core of the legal dispute lies in the interpretation of Law 4/2012 on timeshare contracts. Anfi Sales S.L. In its appeal, the appellant argues that the Provincial Court violated the sole transitional provision of the legislation by rigidly applying the doctrine of nullity due to indeterminacy to contracts signed after 2012 but linked to tourist resorts whose operating arrangements were legally established before the 1998 reforms.
For tour operators based in southern Gran Canaria, a destination that generates a substantial portion of the leisure industry’s GDP in the archipelago, the Supreme Court’s ruling represents a procedural lifeline after years of severe strain on the sector’s balance sheets due to massive litigation brought by multinational law firms. The Supreme Court has acknowledged the need to rule on this matter with the explicit objective of “clarifying, refining, or confirming” its own jurisprudence, in direct reference to previous rulings issued in late September 2025.
The decision to admit the case has been made provisionally, pending the final review that will be reflected in the Supreme Court’s final ruling. The order establishes a non-extendable period of twenty days for the plaintiff’s legal representatives to file their statement of opposition in Madrid, during which time the case file will be available for review at the Clerk’s Office of the First Chamber.











