| Author (Corporate) | European Court of Justice: Press and Information Division |
|---|---|
| Series Title | Press Release |
| Series Details | No.75,2016 (13.07.16) |
| Publication Date | 13/07/2016 |
| Content Type | News |
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According to the Opinion of Advocate General Mengozzi from the 13 July 2016, the temporal limit on the effects of the invalidity of ‘floor’ clauses included in mortgage loan agreements in Spain is compatible with EU law. This limit is justified by the macroeconomic issues associated with the scale on which those clauses are used. |
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| Source Link | Link to Main Source http://curia.europa.eu/jcms/upload/docs/application/pdf/2016-07/cp160075en.pdf |
| Subject Categories | Business and Industry, Law |
| Countries / Regions | Europe, Spain |
