Wednesday, September 27, 2023

Patchwork capitalism in CEE

Below are some of the highlights from the SGH and Economic Forum Report, a cyclical publication that since 2018 has summarized the most important...

Which Polish companies are interested in Ukraine?

Polish companies from, among others, the mining and transport sectors are interested in investing in Ukraine, said Deputy Minister of Funds and Regional Policy...

Working on Green jobs

When the US are celebrating the first anniversary of the Inflation Reduction Act and achieving more than 170,000 new green jobs, Europe is still...

A leap forward for Deep Tech in CEE

Welcome to StartUP with Poland, where we zoom in on what’s currently hot in the Polish startup ecosystem by speaking with key players. In...

Real estate set to turn corner

The current results in the property investment market may not appear very optimistic at the moment, but this is only a temporary situation. All...

Will WIBOR loans follow the Swiss franc legal path?

Disputes over mortgages denominated in Swiss francs have long dominated a certain type of court case in Poland, placing a significant burden on the judiciary, which often struggles to cope with lawsuits filed by law firms specializing in such disputes.

In Poland, a popular mortgage now is a PLN-denominated loan with a variable interest rate based on WIBOR. It is therefore not surprising that information about the disadvantages of this type of product, as in the case of Swiss-franc mortgages, is appearing in the public space.

The first publicly available opinions in this area, and even drafts of litigation, show a significant convergence with the arguments used by the Swiss franc creditors in their lawsuits. The question is if the argumentation drawn from the earlier disputes will allow WIBOR loans to be successfully challenged in court too?

Sylwia Ziemacka from Poland Weekly talks to Aneta Ciechowicz-Jaworska from KANCELARIA RADCÓW PRAWNYCH ANETA CIECHOWICZ- -JAWORSKA, BARTŁOMIEJ ŚLAŻYŃSKI.

Sylwia Ziemacka
Sylwia Ziemacka
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