Legal aspects of loans taken out in Swiss francs in Hungary

Banking and finance Publication 28 October 2013

Loan taken out is Swiss francs before the economic crisis lead to a serious problem in Hungary after 2008. Although politicians tend to refer to the fact that banks sold a 'defective product' to the debtors, István Gárdos in his articles published on Origó proves that such allegations are wrong, the problem does not arise from the unlawfulness of the transaction. The articles in Hungarian are available at the website of Origó, or from our website. 

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