Clauses in loan contracts providing for the principal to be repaid in the foreign currency in which the loan was granted are not necessarily abusive, as long as the clause is worded clearly and understandably for the borrower and may be considered to be part of the main purpose of the contract rather than an accessory clause.
This is the conclusion reached by Advocate General Nils Wahl on Thursday 27 June, in a case (C-186/16) in which the Court of Justice of the EU was called upon to give...