If a client of a bank or a lending institution repays their credit or loan, they shall be reimbursed with the total cost thereof after a proportionate reduction – the CJEU has ruled.

It is surely the publicity around the CJEU’s ruling on CHF-denominated loans that caused the so-called “Little” Judgment of the Court to garner little media attention. This judgment, dated 11 September, is favourable for those borrowers who made early repayments of their loans or consumer credits.

For more on this topic, see the article by attorney-at-law Jakub Janik in Rzeczpospolita on-line, Dobra Firma weekly and here.