US EditionAfter Z. Kárpát, Marczingós, and Róna, Hadházy Also Stood Behind Foreign Currency Borrowers - alfahir.hu
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The judgment of the Court of Justice of the European Union (CJEU) of 30 April, C-630/23 (AxFina case), has been keeping the Hungarian foreign currency credit dispute in motion for months. The decision states that if a contractual term that transfers the exchange rate risk to the consumer is unfair, the contract cannot be maintained simply by “extracting” the contested term; the consequence is complete invalidity and an in integrum restitutio-typ…
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