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Lawyers handling Swiss-franc cases have been analysing possible scenarios their clients might face over the nearest months and the entire year. They have to consider legal, litigation and organisational issues, such efficiency of the courts. – Last year saw no break-throughs, but rather a consolidation in court judgments relating to Swiss-franc loans – explains dr...

When the terms and conditions say they apply a WIBOR rate, it only means that they concerned several products. A reference to WIBOR does not entail that the parties accepted that if a foreign currency indexation is ineffective, LIBOR should be automatically replaced with WIBOR.

If a price was set unfairly, the contract may be invalid even if the trader fails to be paid - dr Mariusz Korpalski, legal counsel, comments the CJEU judgment.