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Consumer Credit

03 May 2012
Issue: 7512 / Categories: Case law , Law digest , In Court
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Perenicova and another v SOS financ spol. s.r.o.: C-453/10, [2012] All ER (D) 99 (Apr)

National courts which had found that terms of a contract had been unfair, had been required under Art 6(1) of Council Directive (EEC) 93/13, first, to draw all the consequences that followed under national law, so that the consumer had not been bound by those terms, and second, to assess whether the contract in question could have continued to exist without those unfair terms. The objective pursued by the EU legislation in connection with Directive 93/13 consisted in restoring the balance between the parties while in principle preserving the validity of the contract as a whole, not in abolishing all contracts containing unfair terms.

As regarded the criteria for assessing whether a contract could have continued to exist without the unfair terms, Art 6(1) of Directive 93/13 and the requirements concerning the legal certainty of economic activities, pleaded in favour of an objective approach in interpreting that provision. It followed that the situation of one of the parties to the contract, in

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MOVERS & SHAKERS

Gibson Dunn—London partner promotions

Gibson Dunn—London partner promotions

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Myers & Co—Jess Latham

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NEWS
One in five in-house lawyers suffer ‘high’ or ‘severe’ work-related stress, according to a report by global legal body, the Association of Corporate Counsel (ACC)
The Legal Ombudsman’s (LeO’s) plea for a budget increase has been rejected by the Law Society and accepted only ‘with reluctance’ by conveyancers
Overcrowded prisons, mental health hospitals and immigration centres are failing to meet international and domestic human rights standards, the National Preventive Mechanism (NPM) has warned
Two speedier and more streamlined qualification routes have been launched for probate and conveyancing professionals
Workplace stress was a contributing factor in almost one in eight cases before the employment tribunal last year, indicating its endemic grip on the UK workplace
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