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Spain / Supreme Court, First Chamber / 241/2013

Association of Users of Bank Services [Asociación de Usuarios de los Servicios Bancarios, Ausbanc Consumo] Banco Bilbao Vizcaya Argentaria, SA, Cajamar Caja Rural, Sociedad Cooperativa de Crédito (today Cajas Rurales Unidas, S.C.C.) and Caja de Ahorros de Galicia, Vigo, Orense y Pontevedra (today NCG banco S.A.U.)

Policy area:
Consumers
Deciding Body type:
National Court/Tribunal
Deciding Body:
Spain / Supreme Court, First Chamber
Type:
Decision
Decision date:
09/05/2013

Key facts of the case:

The full First Chamber of the Spanish Supreme Court (Sala Primera del Tribunal Supremo, en pleno), fixed doctrine on the validity and the possibility of the judicial control ex officio of unfairness floor clauses incorporated in bank contracts with mortgage and variable interest concluded with consumers and users. In this relevant Judgement the Court assumes the jurisprudence of European Union Court of Justice in this sense, and declares the annulment by abusive of clauses that set a minimum interest rate or a minimum reference rate without special requirements of transparency in contract with consumers. The judgment states that the nullity of clauses does not affect the livelihood of the contracts or the amounts already paid.