EU court will issue a decision regarding loans in Swiss Francs on June 15

The Court of Justice of the European Union (CJEU) will announce a decision regarding the settlement of mortgage loans in Swiss francs. In February this year, the court’s adviser issued an opinion in favor of borrowers in ongoing disputes between banks with local lenders.

Advocate General Anthony Michael Collins said in a statement that the banks cannot pursue claims for extra remuneration from thousands of borrowers with mortgage contracts that are deemed invalid because they contained unfair terms.

If CJEU issues the decision in line with the advisor’s opinion, banks could face higher losses. After the CJEU judgment, there may be more cases from borrowers in Poland.

(Business Insider)