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Court rules suspension of FX borrowersʼ cases in line with Constitution

Issues

Hungaryʼs Constitutional Court today ruled that the suspension of suits between borrowers of foreign currency-denominated loans and their lenders does not go against the fundamental law.

Through this decision, the court rejected about 100 complaints brought by borrowers who argued that suspending their cases violated their right to fair adjudication within a reasonable time and the right to appeal the decision.

The Constitutional Court said the suspension would remain in place until the settlement of compensation lenders must award under borrowers relief legislation winds up. About 12,000 such cases have been suspended in Hungary.

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