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Case Law C-186/16 (20/09/2017)

Type: Judgment

Authority: European Authorities: Euopean Union' Court of Justice

Date: 09/20/2017

Subject: The Court affirmed that when a financial institution grants a loan denominated in a foreign currency, it must provide the borrower with sufficient information to enable him to take a prudent and well-informed decision. Therefore, the seller or supplier must communicate all relevant information to the consumer concerned to enable him to evaluate the economic consequences of a clause on his financial obligations

Parties: Andriciuc e a.

Classification: Solidarity - Art. 38 Consumer protection

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