6 Matei Millo +40 31 432 6170

The Constitutional Court’s Decision on monetary conversion and exchange rate freeze in credit agreements

The Constitutional Court’s Decision no. 62 of 7 February 2017 settled a number of controversial aspects of the consumer protection legislation, establishing: The applicability of the monetary nominalism principle, on the basis of which the sum awarded as a loan must be repaid in kind, regardless of the valuing or devaluing of the sum, to the extent that the parties […]