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Europe Daily Bulletin No. 13017

9 September 2022
Contents Publication in full By article 21 / 35
COURT OF JUSTICE OF THE EU / Consumers
Mortgage loans in foreign currencies, Court clarifies European law on unfair conversion rate clauses
Brussels, 08/09/2022 (Agence Europe)

If an EU consumer wants to cancel a mortgage contract denominated in a foreign currency and tainted by an unfair conversion rate clause, it is not up to a national judge to substitute national case law for the unfair clause: under EU law, the contract is null and void, the Court of Justice of the EU ruled on Thursday 8 September.

In a preliminary ruling (Joined Cases C-80/21 to C-82/21), the Court thus replies to the Warsaw-Śródmieście District Court, which asked it about the...

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BEACONS
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ECONOMY - FINANCE - BUSINESS
EU RESPONSE TO COVID-19
Russian invasion of Ukraine
INSTITUTIONAL
EXTERNAL ACTION
COURT OF JUSTICE OF THE EU
SOCIAL AFFAIRS
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CORRIGENDUM