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Europe Daily Bulletin No. 12738

11 June 2021
Contents Publication in full By article 30 / 38
COURT OF JUSTICE OF THE EU / Banks
Court rules that a limitation period for recovery of sums paid on basis of an unfair term in a loan agreement is incompatible with EU law
Brussels, 10/06/2021 (Agence Europe)

A consumer who has taken out a loan denominated in a foreign currency and is unaware of the unfairness of a clause included in his contract cannot be exposed to any limitation period for the return of sums paid on the basis of this clause. This was the conclusion of the Court of Justice of the EU in two judgments delivered on Thursday 10 June, in case C-609/19 and in joined cases C-776/19 to C-782/19.

These cases concern consumers who have taken out mortgage contracts with BNP Paribas...

Contents

EUROPEAN PARLIAMENT PLENARY
EU RESPONSE TO COVID-19
SECTORAL POLICIES
ECONOMY - FINANCE - BUSINESS
EXTERNAL ACTION
INSTITUTIONAL
COURT OF JUSTICE OF THE EU
NEWS BRIEFS