WARSAW, Feb 16 (Reuters) - Banks may not pursue claims
for the use of capital in loan contracts which are deemed
invalid because they contained unfair terms, an adviser to the
European Union's top court said on Thursday.
The opinion was issued in a case crucial for the Polish
banking sector which could face a 100 billion zlotys ($22.37
billion) hit in case of an unfavourable ruling, according to the
country's KNF financial watchdog.
(Reporting by Anna Koper; editing by Jason Neely)
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.