The Characteristics of Consumer Contracts and Their Place in the System of Private Law Contracts, with Particular Regard to Foreign Currency-Based Loan Contracts and Aspects of Legal Issues Arising in Lawsuits Related to These Contracts

Éva Ódor – István Széchenyi University, Doctoral School of Public and Legal Sciences, Hungary

Abstract: The development of consumer protection and its appearance in political thinking are closely related (among other things) to the appearance of the market economy and the development of economic conditions in gen­eral. In Europe, this phenomenon first appeared in Austria in the mid-1990s, primarily in the areas of the country bordering Switzerland. In Central and Eastern Europe, foreign currency lending in the 21st century started at a rap­id pace, which can be supported by many factors. Courts have found them­selves in an extremely difficult, never-before-seen situation when dealing with an extremely large number of lawsuits arriving within a short period, typically raising the same legal issues, having a large social impact and evoking signif­icant social interest. In addition, legal issues in which the EU Court has a mo­nopoly on legal interpretation arose in these lawsuits. In order to ensure legal unity as much as possible, the courts try to solve these cases with all the means provided by law.

8th International Scientific Conference – EMAN 2024 – Economics and Management: How to Cope With Disrupted Times, Rome, Italy, March 21, 2024, CONFERENCE PROCEEDINGS, published by: Association of Economists and Managers of the Balkans, Belgrade, Serbia; ISBN 978-86-80194-83-7, ISSN 2683-4510, DOI: https://doi.org/10.31410/EMAN.2024

Creative Commons Non Commercial CC BY-NC: This article is distributed under the terms of the Creative Commons Attribution-Non-Commercial 4.0 License (https://creativecommons.org/licenses/by-nc/4.0/) which permits non-commercial use, reproduction and distribution of the work without further permission. 

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