Type: Judgment

Authority: European Authorities: Euopean Union' Court of Justice

Date: 01/23/2025

Subject: The Court affirmed that a credit agreement need not necessarily specify the duration of that agreement expressly, provided that the terms of that agreement enable the consumer to determine that duration without difficulty and with certainty. Moreover, according to the Court, the assumptions used in order to calculate the annual percentage rate of charge (APRC) must be expressly identified in the credit agreement and that it is not sufficient in that regard that the consumer may himself or herself identify them by examining the terms of that agreement

Parties: Slovenská sporiteľňa (Informations dans les contrats de crédit aux consommateurs)

Classification: Solidarity - Art. 38 Consumer protection

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