Rokas (Sofia) News

Consumer Loans Disputes
Rokas (Sofia),  has managed for a first time in Bulgaria (two previous decisions to the adversary effect under similar claims have received lots of publicity) to achieve a first-instance decision providing that under certain, set out clearly and in advance conditions, a unilateral increase of the interest rate under the mortgage loans in the event of a significant  deterioration of the economic situation in Bulgaria or abroad is permissible and compatible both with the national and the EU legislation on consumer protection.

© May 2012 IKRP

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