Day: October 4, 2019

Foreign Currency Loans – Court Delayed in Good Finance Bank Lawsuit

The Metropolitan Court of Appeal, acting on second instance, postponed its ruling in a foreign currency-denominated lawsuit against UniCredit Bank Hungary Zrt. Both the applicant financial institution and the defendant Hungarian State appealed against the first-instance decision that the bank’s general contractual terms (asf) did not meet the requirement of transparency and were therefore unfair. […]