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EU court holds limitation period ineffective where borrower does not know the term in question is unfair

EU court holds limitation period ineffective where borrower does not know the term in question is unfair
Published on: 11 June 2021
Published by: LexisPSL
  • EU court holds limitation period ineffective where borrower does not know the term in question is unfair

Article summary

EU Law analysis: A consumer who has taken out a loan denominated in a foreign currency and who does not know that a term in the loan agreement is unfair cannot be subject to any limitation or prescription period for the repayment of sums paid on the basis of that term. or take a trial to read the full analysis.

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