Νομολογία

  • Στοιχεία της υπόθεσης
    • Εθνικός αναγνωριστικός αριθμός: District Court, Nicosia, Judgement 1/2018
    • Κράτος μέλος: Κύπρος
    • Κοινή ονομασία:Tryphon v Bank of Cyprus Public Co
    • Είδος απόφασης: Πρωτοβάθμια δικαστική απόφαση
    • Ημερομηνία απόφασης: 15/05/2020
    • Δικαστήριο: Επαρχιακό Δικαστήριο Λευκωσίας, Τρύφων v Τράπεζα Κύπρου Δημόσια Εταιρεία
    • Θέμα:
    • Ενάγων:
    • Εναγόμενος:
    • Λέξεις-κλειδιά: mortgage loan, unfair term  
  • Άρθρα της οδηγίας
    Unfair Contract Terms Directive, Article 3, 1. Unfair Contract Terms Directive, ANNEX I, 1., (j) Unfair Contract Terms Directive, ANNEX I, 2., (b)
  • Περίληψη

    ECLI:CY:EDLEF:2020:A237


    A term in a loan agreement enabling the bank to modify the interest rate unilaterally is not an unfair term if agreed prior to the 2014 amendment of the Unfair Contract Terms Law.

  • Πραγματικά περιστατικά

    Petitioners obtained a mortgage loan from the respondent bank. Their contract is composed of General Terms referred to by the bank and Special Terms expressly agreed by the parties. General Terms gave the bank the right to vary the interest rate at will, whereas Specific Terms mention a 1% margin for the bank in addition to its “basic interest rate.” When the bank unilaterally increased the interest rate at well over the additional 1% to its basic rate, relying on the General Terms, Petitioners sought from the District Co a declaration as to the precise content of their agreement, which would interpret the Specific Term as fixing the margin at 1%.

  • Νομικό ζήτημα

    Whether a bank has the right to vary the interest rate at will, under the terms of a mortgaged loan.

  • Απόφαση

    The Court held that any restriction to a bank’s right to vary the interest rate has been introduced following the 2014 amendment of the Unfair Contract Terms Law 1996, i.e., following the conclusion of the loan, and is therefore not pertinent to this case. The Specific Terms were interpreted in accordance with the General Terms to enable the bank to change the interest rate.

    URL: http://cylaw.org/cgi-bin/open.pl?file=/apofaseised/pol/2020/1120200306.htm

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  • Αποτέλεσμα

    The District Court found for the bank and dismissed the application.