Beating banks through knowledge

Author:Monica Calu - Costel Stanciu
Position::Consumer Law Expert Pro Consumatori Association (e-mail: monica.calu@apc-romania.ro). - Associate Professor, PhD, 'Nicolae Titulescu' University of Bucharest (email: costelstanciu@apc-romania.ro).
Pages:7-14
SUMMARY

In Romania, in the last decade, a significant number of solutions favorable to consumers with foreign currency denominated loans were obtained in courts against the banks or non-bank financial institutions. The judges noted the unfairness of the contractual terms inserted in the loans agreement and absolute nullity of these clauses. Also, in the context of the global economic and financial crisis ... (see full summary)


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