European Court of Justice issues landmark WIBOR ruling, addressing loan validity and fairness implications for Polish financial markets.
Key Questions Before Court
The European Court of Justice (ECJ) will deliver its first judgment concerning the WIBOR reference rate (case C-471/24).
The Court will answer whether the WIBOR rate itself can be legally challenged and whether interest rates based on it can be deemed unfair.
Potential Consequences
The Court also aims to determine the legal effects of potentially removing the WIBOR rate from loan agreements.