The Curia Has Decided in the Case of Foreign Currency Borrowers: some Will Get Everything Back, the Majority Will Get Nothing

telex.hu

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Foreign currency loan contracts that have been annulled due to exchange rate risk cannot be enforced, according to the recent Curia decision on legal uniformity. This will have far-reaching consequences for a narrow group of foreign currency borrowers.

alfahir.hu

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According to information published on the Curia website on Monday, "the Curia's Council for the Uniformity of Law Complaints has issued a uniform law decision based on the combined preliminary ruling motions of the P.VI. Council of the Curia. Critics - including László Marczingós and Dániel Z. Kárpát - say that the Curia is trying to narrow the foreign currency loan ruling of the Court of Justice of the European Union (CJEU), and the banks react…

Magyar Hang

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The Kurai tried to clear things up.

Portfolio.hu

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The Curia has published a legal uniformity decision on the interpretation of the judgment of the Court of Justice of the European Union on April 30, case C-630/23. According to the decision, the judgment, which received a lot of media coverage, does not generally apply to all foreign currency-based loan contracts, but only to those contracts in which the customer information about the exchange rate risk was inadequate, and the borrower can prove…

economx.hu

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The Curia's ruling on the foreign currency borrowers' case is slightly different from that of the EU court based in Luxembourg, but OTP has already welcomed the fact that the Hungarian court's decision confirmed the bank's previous position.