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...