POLAND: During the last days, thousands of Polish citizens – holders of swiss franc loans have realised demonstrations, in order to express their objection to the new situation formed, following the decision of the Swiss Central Bank to release the currency rate between swiss franc and the national polish zloty.
Today, on March 3, seven out of 22 polish banks, which gave loans in swiss franc, announced that they are willing to apply a negative interest rate under certain conditions.
Ninty holders of loans in swiss franc -and two hundred more, who are expected to follow- have filed a lawsuit against Getin Noble Bank before the comptetent court in Warsaw. The hearing took place at the end of February and the decision is expected to be particularly interesting.
CROATIA: The Ministry of Finance is waiting for the evaluation of the National Bank, in order to suggest a long-term solution in the issue, which is expected by the end of the week.
MONTENEGRO: The national parliament will discuss a draft law, in order to settle 3000 loans, the monthly instalment for many of which has raised up to 80%, in many cases.
HUNGARY: Last year, the Hungarian Minister of Finance forced the banks to convert the loans thay had given in swiss franc to euro, avoiding, this year, the 'tragedy' created to the other countries by the release of the currency.
Our law firm, member of the Global Justice Network, closely cooperates with law firms both in Poland and in Croatia, examining possible legal options and synchronizing our actions.
Furthermore, in Greece, we have already started filing a series of preventive measures as well as lawsuits for our clients, in order to regulate the instalments due in the initial currency.