Publications A legal report – What to expect if your loans is denominated in Swiss franc

24 lutego 2023

Quite contrary to the laments of bankers and their advisors, there has been no economic end of the world following the judgement passed by the Court of Justice of the European Union (CJEU). Nor have the problems of the Swiss franc borrowers disappeared, but the scale of this success invites a comparison to the Battle of Zela fought in 47 BC in which Julius Caesar, having defeated Pharnaces II of the Kingdom of Pontus, saved the Romans from becoming slaves of the latter. And now the Court have saved borrowers in Poland from being enslaved by banks.