“Dear readers, it has taken a while to figure out what made me puzzled at the Dexia decision which the CJEU rendered two weeks ago, but now I managed to put my finger on it. The decision concerns ‘share leasing’ contracts, a speculative instrument whereby consumers – by and large – acquire shares from a bank and return them after some time, possibly making profit if the share price has (sufficiently) risen in the meantime. The contract made provisions for the case of early termination which essentially made it very likely for Dexia to make actual profit from such an event rather than just compensate its costs and missed gains …” (more)
[Candida Leone, Recent developments in European Consumer Law, 11 February]
First posted 2021-02-11 16:13:40
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