Examples of the Directive in a sentence
In particular, reference is made to Art 16, para 1 of the Directive which gives the consumer the right to discharge at any time fully or partially his obligations under a credit agreement.
In September 2019 the European Court of Justice ruled on a preliminary request concerning the interpretation of Art 16, para 1 of the Directive in the so- 39 X.
The recent and well-known Lexitor case decided by the Court of Justice produced an unexpected and disruptive interpretation of Art 16, para 1 of the Directive on credit agreements for consumers,3 raising questions regardingthe dutyof consistent interpretation imposed on domestic courts.
This is explified by the approach to the Directive on credit agreements for consumers in the Italian legal system.
Indeed, the domestic provision articulates a rule of reduction of the cost of the credit referring not – as Art 16 (1) of the Directive provides – to a sum that ‘includes’ some costs but, instead, a reduction equal to the amount of interest and costs due for the remaining life of the contract.