Algeria seems to be basing their entire "legal position" around the statement that The Bank of Nova Scotia did not know the units were being sold as timeshares so our contracts/deeds/agreements...whatever.... are not valid. I know for a fact, bank officials were on the property numerous times where huge signs trumpeted that timeshare units were for sale. Building C was ALWAYS known as "the timeshare building". Scotia Bank may be Canadian but the institution has a large presence on the island and was not some offshore entity that had no idea what Manek was doing. Everyone knew Caravanserai was a timeshare property and units were being sold that way.

Alegria's stance that the bank didn't know is bogus and that is the bottom line.