In a judgment handed down on Tuesday 24 June (Case C-351/23), the Court of Justice of the European Union overturned the Slovak law on unfair terms in consumer mortgage contracts.
In Slovakia, a couple who had taken out a mortgage (€63,000 to be repaid until 2030) to purchase their home challenged the legality of the forced execution of the mortgage security, which had been activated by the bank. Under this security, the bank can demand repayment of the outstanding capital in the event of...