Navracsics Looks To Resolve FX Mortgages In Hungary
- 20 Nov 2013 8:00 AM
Administration and Justice Minister Tibor Navracsics met with leading judicial figures yesterday to discuss the legal uncertainty surrounding mortgages denominated in foreign currencies. The meeting was arranged after Prime Minister Viktor Orbán called for a speedy decision by the Kúria, the nation’s supreme court, in the wake of conflicting lower court rulings in lawsuits brought by borrowers against banks.
The Kúria said on Tuesday that it senses the social significance of such trials and proposes that there be a means of initiating legal reviews in lawsuits below a certain value, if important questions of principle arise.
Source: Hungary Around the Clock
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