The Court clarifies the conditions under which application of the forfeiture of entitlement to contractual interest is, as a penalty for a creditor’s breach of its precontractual obligation to assess a borrower’s creditworthiness, compatible with EU law
Date of article: 27/03/2014
Daily News of: 27/03/2014
Country: 
EUROPE
Author: Court of Justice of the European Union
Article language: en
Approximation of laws
The Court clarifies the conditions under which application of the forfeiture of entitlement to contractual interest is, as a penalty for a creditor’s breach of its precontractual obligation to assess a borrower’s creditworthiness, compatible with EU law