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

Published on: 11 June 2021
Published by: LexisNexis
  • 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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