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hrvatski engleski
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Judge says foreign currency clause in loans should be exception and not rule

Autor: spez
ZAGREB, March 1 (Hina) - At the first hearing in a trial against eight banks because of loans pegged to the Swiss franc and unilateral changes to interest rates filed by the Potrosac civil society organisation, Commercial Court Judge Radovan Dobronic claimed that the foreign currency clause should be applied only in exceptional cases and not as a rule and the question arises of the justification of introducing that instrument at a time when the domestic currency, the kuna, was more stable than the Swiss franc or euro.

(Hina) sp

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