FOREIGN EXCHANGE LOAN CONTRACTS AND UNFAIR TERMS – DISCUSSING THE CJEU’S JUDGEMENT IN THE ANDRICIUC CASE

Abstract

In these days, lending in foreign currencies is one of the most complex economic and social problems, which arises several legal questions not only in those Member States of the European Union, where such contractual constructions have been applied, but in relation to the judicial practice of the Court of Justice of the European Union (hereinafter CJEU). The study was inspired by the CJEU’s new judgement, which was recently published, in September 2017. This judgement facilitates to examine some problematic questions in detail, with reference to the interpretation of Directive 93/13/EEC2 and with regard to the specialities of the Hungarian regulatory environment.