The Croatian law from July 2017, which provides - with retroactive effect - for the nullity of bank loans granted by foreign banks not authorised in Croatia before its accession to the European Union in July 2013, infringes EU law, Advocate General Evgeni Tanchev stated in his Opinion on Wednesday 14 November (Case C-630/17).
In 2007, Anica Milivojević concluded a loan of 47,000 euros with the Austrian-based Raiffeisenbank via a Croatian intermediary. In 2015, it brought an action for...