Press Release: Judgment in Joined Cases C-154/15 Francisco Gutiérrez Naranjo v Cajasur Banco SAU, C-307/15 Ana María Palacios Martínez v Banco Bilbao Vizcaya Argentaria SA and C-308/15 Banco Popular Español SA v Emilio Irles López and Teresa Torres Andreu

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Series Title
Series Details No.144, 2016 (21.12.16)
Publication Date 21/12/2016
Content Type

Spanish case-law placing a temporal limitation on the effects of the invalidity of 'floor clauses' included in mortgage loan contracts in Spain is incompatible with EU law.

Such a limitation makes consumer protection incomplete and insufficient and is not an adequate and effective means for preventing the use of unfair terms.
Source Link http://curia.europa.eu/jcms/upload/docs/application/pdf/2016-12/cp160144en.pdf
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