Mon 29 April 2024
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EU court leaves Polish judges to rule on FX loan contracts
April 29th, 2021
The European Court of Justice (CJEU) is leaving it to Polish courts to assess the validity of FX loan contracts containing abusive clauses, according to a non-binding CJEU statement released ahead of a relevant verdict. Specifically, the CJEU said that any consequences from the existence of an abusive term in a contract should be dealt with according to local laws, including the issue of whether such contracts should remain in force.
PAP