- 13 Feb 2014 8:00 AM
Late last year, the Luxembourg court held a hearing concerning a contract for a Hungarian mortgage denominated in foreign currency. It reviewed details of a case involving a lawsuit won by Árpád Kásler and his wife against OTP bank.
OTP asked the Hungarian supreme court, the Kúria, to review the Szeged appeals court’s decision and the Kúria asked for the European court’s position.
The Luxembourg court said there was no reason for the courts not to rule on the fairness or otherwise of the difference in exchange rate.
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