US EditionWhat Does the CJEU Ruling Mean for Swiss Franc Borrowers? Experts Respond
6 Articles
6 Articles
The CJEU has clearly stated that banks cannot seek repayment of the amount of the loan actually paid out when the consumer has already repaid it. Experts in conversations with tvn24.pl agree: this is a good signal for consumers. - After this judgment, the bank will only be able to seek repayment of the difference, i.e. the return of the capital that is still to be repaid - comments on Thursday's judgment, attorney Anna Wolna-Sroka from the Czaba…
The Court of Justice of the European Union (CJEU) has clarified that the Bank of Lithuania (LB) correctly interpreted Community law and therefore legally imposed separate fines of hundreds of thousands of leva on the Lithuanian-capital payments company Paysera LT for anti-money laundering (AML) violations.
The Court of Justice of the European Union has questioned the current practice of settling invalid credit agreements in Poland. From now on, courts should apply the balance model, not the separate claims of the parties.
The CJEU decision on the settlement of parties after the invalidity of a Swiss franc loan is beneficial for both parties. Once it is taken into account by Polish courts, the rules will be simplified and court disputes will be concluded more quickly — assesses mBank.
The verdict is of great importance for thousands of ongoing cases in Poland concerning Swiss franc loans.
A bank cannot demand a refund of the entire amount of a loan from a consumer after the contract has been invalidated, the Court of Justice of the EU ruled on Thursday.
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