Date: 17 November, 2017

Categories: Banking products English Jurisprudence Litigation

The Spanish Supreme Court declares the partial nullity of a multicurrency mortgage due to lack of transparency

nulidad hipoteca multidivisa euroThe Chamber considers that the disputed clauses do not pass the control of transparency and appeals the judgment, declaring the partial nullity of the loan and the elimination of references to the denomination in foreign currency of the loan, which remains as a loan granted in euros and amortized in euros.

A note from the Civil Chamber and the Supreme Court Judgment of November 15, 2017 is attached:

Note of the Civil Chamber of November 15, 2017.

Supreme Court Judgment of November 15, 2017.



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