Supreme Court and Court costs against banks in Floor Clause cases

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14 Jul 2017 15:10 by mariadecastro Star rating in Algeciras (Cadiz). 8857 posts Send private message

Legal Questions? Speak to Maria Direct

On a recent Court Decission dated July 4th, our Supreme Court has set that Court costs in cases where floor clause ( it can be extended to any abusive clause, in my opinion)  is being discussed, being won by the consumer, need to always have impositon of legal costs of all instances against  Bank attached.

Principles behind this decission are:

(1) Principle for avoiding of any link of consumer to abusive clauses

(2) Principle of effectiveness of European Union Law

As a way to refrain Banks to litigate and extenuate consumers resources on the way.

Wise, balanced, right
 



_______________________

Maria L. de Castro, JD, MA

Lawyer

Director www.costaluzlawyers.es

El blog de Maria



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14 Jul 2017 19:21 by briando55 Star rating in Yorkshire. 1770 posts Send private message

Hi Maria,

I'm not sure what is meant by floor clause in this context, can you briefly explain please?



_______________________

Best wishes, Brian

 




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14 Jul 2017 21:40 by mariadecastro Star rating in Algeciras (Cadiz). 8857 posts Send private message

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