Legal action taken against Prince Andrew Duke of York over £5m unpaid Verbier ski resort bills

verbier - switzerland - al sahawat times


UK’s Prince Andrew in fresh legal action over unpaid bills in the Swiss town of Verbier


Prince Andrew’s latest legal troubles relate to £5’000’000.00 GBP in unpaid bills

Le Temps (French: The Times) newspaper said Prince Andrew and ex-wife Sarah, Duchess of York bought the holiday home in the Verbier ski resort, Switzerland for £18.3 million GBP in 2014.

However the Royal couple did not keep up with payments or meet their deadline to pay a minimum amount towards the seven-bedroom chalet by December 2019, the French-language daily newspaper reports.

A spokeswoman for Prince Andrew said:

“We can confirm there is a dispute between the two parties in this matter. The contractual details remain the subject of a confidentiality agreement and prevent further discussion.”

Buckingham Palace declined to comment on the reports.

Le Temps reports that the missed deadline to pay a minimum of just under £5 million GBP was due to be paid towards the chalet before the end of 2019, this has now risen to £6.7 million GBP.

British sources said that Prince Andrew and his now ex-wife, Sarah had intended to sell the chalet and the proceeds of the sale were intended to clear any outstanding debt. The source close to the situation says that this fact is known to the lender.

Law firm Etude du Ritz has been instructed to launch legal proceedings, Le Temps reported.


Since you’re here …

… we have a small favour to ask. More people are reading Al-Sahawat Times than ever but advertising revenues across the global media industry are falling fast. And unlike many news organisations, we haven’t put up a total paywall. We want to keep our journalism as open as we can. So you can see why we need to ask for your help. Al-Sahawat Times’ independent, investigative journalism takes a lot of time, money and hard work to produce. But we do it because we believe truly ethical media and an unbias perspective really matters.

“I appreciate there not being a paywall: it is more democratic for the media to be available for all and not a commodity to be purchased by a few. I’m happy to make a contribution so others with less means still have access to information.”

If everyone who reads our reporting, who likes it, helps fund it, the future of ethical media and the futures of our staff and their families would be much more secure. For as little as £1, you can support Al-Sahawat Times and it only takes a minute. Thank you.





This story is available on:

APPLE NEWS | AL-SAHAWAT TIMES


Talk to a journalist

Email: NewsDesk@alsahawat.com

Web: alsahawat.com

Follow Al-Sahawat Times

⬆️ Follow on Instagram

⬆️ Follow on Twitter

⬆️ Follow on LinkedIn

⬆️ Follow on Facebook

⬆️ Follow on YouTube

Read it on APPLE NEWS

Read it on FLIPBOARD

About the Author

Esteban Gaviria
Periodista de Los Tiempos Al-Sahawat en Barcelona, España. Journalist for Al-Sahawat Times in Barcelona, Spain. Giornalista per Al-Sahawat Times in Barcelona, Spagna.