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03 May 2012
Issue: 7512 / Categories: Case law , Law digest , In Court
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Consumer Credit

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

Freeths—Heather Gibson

Freeths—Heather Gibson

Freeths strengthens national tax team with Heather Gibson appointment

Debevoise & Plimpton—Mary Lavelle

Debevoise & Plimpton—Mary Lavelle

Debevoise expands London secondaries team with addition of Mary Lavelle

Excello Law—Hestia Private Client

Excello Law—Hestia Private Client

Excello Law welcomes ex-Irwin Mitchell team to launch Hestia Private Client

NEWS
Lawyers have welcomed plans to create specialist rape and serious sex offences courtrooms at every Crown Court
A telecoms operator may be able to hold over under the Landlord and Tenant Act 1954, yet still be unable to secure a renewal: an outcome described as a legal ‘paradox’
The Financial Reporting Council’s revised Audit Enforcement Procedure will alter the balance of power in corporate investigations

Safety fears do not automatically justify shutting an interested person out of a statutory will application

Consumer credit law is heading for its biggest shake-up in 50 years, with the Consumer Credit Act 1974 set to yield much of its detailed statutory machinery to FCA rules
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