| Author (Corporate) | European Court of Justice, Information Service |
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| Publisher | European Court of Justice (ECJ) |
| Series Details | C-118/17 |
| Publication Date | 2017 |
| Content Type | Overview |
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Summary: The Hungarian legislation excluding the retroactive cancellation of a loan contract denominated in a foreign currency which includes an unfair term relating to the exchange-rate risk is contrary to EU law. The cancellation of the contract must be possible where it cannot continue to exist without the unfair term.
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| Source Link | Link to Main Source https://curia.europa.eu/juris/documents.jsf?num=C-118/17 |
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| Subject Categories | Economic and Financial Affairs |
| Subject Tags | Financial Services |
| Keywords | Banks | Banking, CJEU Judgements |
| Countries / Regions | Hungary |
| International Organisations | European Union [EU] |
