When a financial institution grants a loan denominated in a foreign currency, it must provide the borrower with sufficient information to enable him to take a prudent and well-informed decision. If this does not appear to be the case, the court can examine the possibly unfair character of such a term, which is part of the main subject-matter of the contractual loan. These are the main elements in the ruling made by the European Court of Justice on Wednesday 20 September (C-186/16).
In 2007...