Remedy for breach of consumer credit agreement
ECJ (Judgment) Reference for a preliminary ruling – Directive 93/13/EEC – Article 7 – National rules governing insolvency proceedings – Debts arising from a consumer credit agreement – Effective judicial remedy – Point 1(e) of the annex – Disproportionate amount of compensation – Directive 2008/48/EC – Article 3(l) – Total amount of credit – Point I of Annex I – Amount of drawdown – Calculation of the annual percentage rate – Article 10(2) – Obligation to provide information – Ex officio examination – Penalty
M Ilesic P
C-377/14, [2016] EUECJ C-377/14, [2016] WLR(D) 203, ECLI:EU:C:2016:283, [2016] Bus LR 886
Bailii, WLRD
Directive 93/13/EEC 7, Directive 2008/48/EC
England and Wales
European, Insolvency
Leading Case
Updated: 31 October 2021; Ref: scu.562824