Consequences of the CJEU Ruling of 3 October 2019 on Swiss Franc Mortgage Loans for Polish Borrowers

The article discusses the effects of the recent ruling of the Court of Justice of the European Union (the CJEU), regarding the impact of abusive contractual provisions included in the foreign currency loan contracts on the legal effectiveness of the entire contract. The position of the CJEU may tri...

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Main Author: Anna Wilk
Format: Article
Language:English
Published: University of Applied Sciences in Bielsko-Biała 2020-01-01
Series:Zeszyty Naukowe Wyższej Szkoły Finansów i Prawa w Bielsku-Białej
Subjects:
Online Access:https://www.asej.eu/index.php/asej/article/view/392
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author Anna Wilk
author_facet Anna Wilk
author_sort Anna Wilk
collection DOAJ
description The article discusses the effects of the recent ruling of the Court of Justice of the European Union (the CJEU), regarding the impact of abusive contractual provisions included in the foreign currency loan contracts on the legal effectiveness of the entire contract. The position of the CJEU may trigger the necessity to modify and unify the previous sentencing guidelines. Moreover, it may become necessary to revoke some final judgements in cases of individual borrowers that have been issued so far. The author analyses the direction the case law will take after the CJEU’s ruling and its impact on cases which have already been closed.
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institution Kabale University
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series Zeszyty Naukowe Wyższej Szkoły Finansów i Prawa w Bielsku-Białej
spelling doaj-art-1663b3563e7943dca2853334b0fb04f22024-11-16T15:23:48ZengUniversity of Applied Sciences in Bielsko-BiałaZeszyty Naukowe Wyższej Szkoły Finansów i Prawa w Bielsku-Białej2543-91032543-411X2020-01-01234Consequences of the CJEU Ruling of 3 October 2019 on Swiss Franc Mortgage Loans for Polish BorrowersAnna Wilk0Wyższa Szkoła Finansów i Prawa w Bielsku-Białej Wydział Prawa i Nauk Społecznych The article discusses the effects of the recent ruling of the Court of Justice of the European Union (the CJEU), regarding the impact of abusive contractual provisions included in the foreign currency loan contracts on the legal effectiveness of the entire contract. The position of the CJEU may trigger the necessity to modify and unify the previous sentencing guidelines. Moreover, it may become necessary to revoke some final judgements in cases of individual borrowers that have been issued so far. The author analyses the direction the case law will take after the CJEU’s ruling and its impact on cases which have already been closed. https://www.asej.eu/index.php/asej/article/view/392foreign currency loancredit recipientconsumerborrowerruling
spellingShingle Anna Wilk
Consequences of the CJEU Ruling of 3 October 2019 on Swiss Franc Mortgage Loans for Polish Borrowers
Zeszyty Naukowe Wyższej Szkoły Finansów i Prawa w Bielsku-Białej
foreign currency loan
credit recipient
consumer
borrower
ruling
title Consequences of the CJEU Ruling of 3 October 2019 on Swiss Franc Mortgage Loans for Polish Borrowers
title_full Consequences of the CJEU Ruling of 3 October 2019 on Swiss Franc Mortgage Loans for Polish Borrowers
title_fullStr Consequences of the CJEU Ruling of 3 October 2019 on Swiss Franc Mortgage Loans for Polish Borrowers
title_full_unstemmed Consequences of the CJEU Ruling of 3 October 2019 on Swiss Franc Mortgage Loans for Polish Borrowers
title_short Consequences of the CJEU Ruling of 3 October 2019 on Swiss Franc Mortgage Loans for Polish Borrowers
title_sort consequences of the cjeu ruling of 3 october 2019 on swiss franc mortgage loans for polish borrowers
topic foreign currency loan
credit recipient
consumer
borrower
ruling
url https://www.asej.eu/index.php/asej/article/view/392
work_keys_str_mv AT annawilk consequencesofthecjeurulingof3october2019onswissfrancmortgageloansforpolishborrowers