- Court of Justice—defining the consumer in financial transactions (AU v Reliantco)
- What are the practical implications of this case?
- What was the background?
- What did the court decide?
- Case details
Dispute Resolution analysis: The Court of Justice has clarified the circumstances in which an individual entering into financial transactions may fall within the definition of a ‘consumer’ under Article 17(1) of Regulation (EU) 1215/2012, Brussels I (recast). It has also ruled on the interplay between the definitions of ‘consumer’ and ‘retail client’ in the Directive 93/13, Unfair Terms in Consumer Contracts Directive (UTCCD) and the Directive 2004/39, Markets in Financial Instruments Directive (MiFID) respectively. Written by Harriet Campbell, professional support lawyer of Stephenson Harwood LLP.
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