FOC was created out of an alliance between Jerry Cobb, representing Marlborough Trust Company Limited, a privately owned and fully licensed trust company in Guernsey, and Les Milton, a marketing professional and near neighbour of Jerry’s in Sotogrande on Spain’s Costa Del Sol .
Over 10 years ago the individuals comprising FOC were asked by a developer in Portugal to construct a legal mechanism which would facilitate the sale of fractional product on their resorts. After nearly 4 years of successful operation it was decided that the product, and most importantly the back office systems which make it all work, were robust and ready to be rolled out to other developers and territories.
Since launching the product we have successfully implemented fractional ownership on a number of developments in Portugal, Spain, Barbados, the UK, Italy, Florida, Cyprus and Greece. In addition to these jurisdictions we are constantly working with lawyers on further territories.