| Author (Corporate) | European Court of Justice: Press and Information Division |
|---|---|
| Series Title | Press Release |
| Series Details | No.42, 2017 (27.04.17) |
| Publication Date | 27/04/2017 |
| Content Type | News |
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According to Advocate General Wahl, a term of a loan agreement that provides for the repayment of the loan in the foreign currency in which the loan was granted does not necessarily constitute an unfair term. The requirement that contractual terms must be drafted in plain intelligible language cannot oblige the seller or supplier to anticipate and inform the consumer of subsequent changes which were not foreseeable, such as exceptional fluctuations in exchange rates. |
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| Source Link | Link to Main Source https://curia.europa.eu/jcms/upload/docs/application/pdf/2017-04/cp170042en.pdf |
| Subject Categories | Business and Industry, Law |
| Countries / Regions | Europe, Romania |
