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ECJ: Banks' claim deadline starts when consumer first challenges contract
๐Ÿ“ˆ Business

ECJ: Banks' claim deadline starts when consumer first challenges contract

The EU Court of Justice ruled on Thursday that EU law allows the limitation period for a bank's claim to recover a disbursed franc loan to begin only on the day the consumer first challenged the binding nature of the contract's terms. This means banks have more time to pursue repayment from Swiss-franc mortgage holders. The ruling has significant implications for thousands of ongoing court cases in Poland.

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