The WIBOR interest rate faces potential legal challenges at the European Court of Justice, marking the start of a dispute that is unlikely to be resolved soon.
Background on WIBOR
WIBOR, the Warsaw Interbank Offered Rate, is a key benchmark interest rate used in the Polish financial market for various lending products.
Legal Challenge at the CJEU
The case against WIBOR has been referred to the Court of Justice of the European Union (CJEU), questioning its methodology and compliance with EU regulations.
This referral sets the stage for a significant legal battle concerning the future of the rate.