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Europe Daily Bulletin No. 12195

16 February 2019
Contents Publication in full By article 18 / 37
COURT OF JUSTICE OF THE EU / Internal market
A State may not invalidate through a retroactive rule credit agreements concluded with foreign lenders not authorised to provide such services in its territory
Brussels, 15/02/2019 (Agence Europe)

The judges of the European Court of Justice (ECJ) ruled on Thursday 14 February in Case C-630/17 that a retroactive, general and automatic national law cannot invalidate credit agreements concluded by persons with foreign lenders who were not authorised to provide such services in the Member State in question.

In 2007, Ms Milivojević, a Croatian citizen, concluded a non-revolving credit agreement with Raiffeisenbank, a company based in Austria. This loan was contracted via an...

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