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

Brexit white paper has some of the right ingredients but proof will be in the pudding

Theresa May's white paper on Brexit was today given a cautious welcome by the Law Society of England and Wales. “Tax take from the legal and accountancy sectors alone pays the equivalent of salaries for 50,000 doctors and more than 82,000 nurses so it makes sense that steps are taken to protect this vital sector,” … Continue reading Brexit white paper has some of the right ingredients but proof will be in the pudding