On Wednesday 21 December, the European Court of Justice rejected in a ruling the idea mooted by the Spanish supreme court and ECJ Advocate General Paolo Mengozzi that the criterion of macroeconomic importance should only be used to justify a temporary restriction on the impact of nullity of a clause considered to be abusive in a contract in order to avoid disastrous consequences for the whole economy caused by extended use of such clauses.
The case in question, C-154/15, is about Spanish...