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High Commercial Court upholds nullity of currency clause on CHF-pegged loans

Author: Marija Šestan

ZAGREB, July 12 (Hina) - Croatia's High Commercial Court has overturned an appeal of eight lenders that were sued over Swiss franc indexed loans, and upheld a ruling of the Zagreb-based Commercial Court about the legal nullity of the foreign currency exchange clause in the case of the CHF-indexed loans.

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