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Europe Daily Bulletin No. 12782

3 September 2021
Contents Publication in full By article 17 / 31
COURT OF JUSTICE OF THE EU / Consumers
Court validates Hungarian legislation prohibiting annulment of a contract merely because it contains unfair clauses, corrected by same legislation
Brussels, 02/09/2021 (Agence Europe)

A consumer loan contract denominated in a foreign currency cannot be annulled in its entirety merely because it contains unfair terms relating to the exchange rates applied, if the legislator has corrected these terms by replacing them with a national provision which restores the situation in law and in fact for the consumer who considers himself to be wronged, even if the annulment of the contract would be more advantageous to the latter.

This is the substance of the judgment delivered by...

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SECURITY - DEFENCE
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