Council and Parliament agree on new rules for contracts for the sales of goods and digital content

The EU is introducing new rules to make it easier and safer to buy and sell both goods and digital content cross-border. The Council and Parliament negotiators agreed today on a package comprising a directive on contracts for the supply of digital content and services (Digital content directive - DCD), and a directive on contracts … Continue reading Council and Parliament agree on new rules for contracts for the sales of goods and digital content

The unfairness of an unclear contractual term which places the exchange rate risk on the borrower and does not reflect statutory provisions may be subject to judicial review

In February 2008 Ms Ilyés and Mr Kiss concluded with a Hungarian bank a credit contract for the provision of a loan denominated in Swiss francs (CHF). According to the contract, although the monthly repayment instalments were to be paid in Hungarian forints (HUF), the amount of those instalments was to be calculated on the … Continue reading The unfairness of an unclear contractual term which places the exchange rate risk on the borrower and does not reflect statutory provisions may be subject to judicial review

International Investors Flock to “China’s Center of Big Data” to Sign Big Contracts

"Cross-border Investment and Trade Fair, Guizhou Inland Opening-up Pilot Economic Zone, China, 2016" opened on Thursday. Guizhou Province closed 193 deals for investment and trade cooperation projects in over 24 countries and regions, such as the U.S., U.K. and Russia, totalling 144.97 billion RMB (about 21.3 billion USD). Communities of industry and commerce in various countries focused on … Continue reading International Investors Flock to “China’s Center of Big Data” to Sign Big Contracts