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Public Governance, Administration and Finances Law Review
Article . 2017 . Peer-reviewed
License: CC BY NC ND
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The Invalidity of Foreign Currency Loans in the Hungarian Judicial Practice

Authors: Király, Péter Bálint;

The Invalidity of Foreign Currency Loans in the Hungarian Judicial Practice

Abstract

After the economic crisis, a large part of the Hungarian population could not repay the suddenly increased instalments of their foreign currency loans. In lawsuits concerning the invalidity of these foreign currency loans, the different courts interpreted the provisions of the law differently, so the Curia (the highest judicial authority of Hungary) – fulfilling its constitutional duty – considered it necessary to unify the judicial practice. For this purpose, several Uniformity Decision were adopted. In this study I will briefly summarize the content of three Uniformity Decisions, namely, Decision No. 6/2013 PJE, No. 2/2014 PJE and No. 1/2016 PJE.

Country
Hungary
Keywords

exchange rate spreads, JF20-2112, invalidity of contracts, HG1-9999, HG Finance / pénzügy, foreign currency loan, Political institutions and public administration (General), K, Law, Finance

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
0
Average
Average
Average
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