Banking and Finance law in Belgium
Droit bancaire et financier en Belgique – Bank- en financieel recht in België
May a bank be held liable when it refuses to grant a credit, or refuses to extend an existing one? The question matters to lawyers, bankers and in-house counsel alike. Freedom of contract is a fundamental principle of Belgian civil law. A bank is not obliged to finance every applicant. But can it abuse its... Continue Reading →
A bank that agrees to grant credit to a client is bound by certain obligations. Failure to meet these obligations may give rise to quasi-delictual civil liability. In the context of so-called “regulated” credit — such as mortgage loans and consumer credit, both of which are governed by Book VII of the Code of Economic... Continue Reading →
Three categories of grounds for terminating a credit agreement In Belgian banking and credit law, various events can bring contractual relations to an end. Legal scholarship groups the grounds for extinction of a credit agreement into three categories [1]. First, the modes of dissolution specific to intuitu personae contracts, where a circumstance affects the party... Continue Reading →
Within the Belgian courts, a large share of seriously contested credit disputes still turns on funding loss and the early repayment of fixed-term credit and loans concluded between a bank and a business before the Act of 21 December 2013 on SME financing entered into force. The issue The question is whether a business may... Continue Reading →
On the judgment of the Court of Justice of the European Union of 6 June 2019 on consumer credit. A consumer credit granted, solar panels paid for but never delivered A bank had financed a consumer's purchase of solar panels. The credit amount was paid to the consumer, then to the manufacturer and installer. The... Continue Reading →
In de juridisch-economische wereld is het een verhaal dat reeds meer dan 20 jaar duurt: kan een bank een wederbeleggingsvergoeding (funding loss) vorderen wanneer een onderneming haar krediet terugbetaalt vóór de contractueel overeengekomen termijn?
Suite à la crise sanitaire actuelle, de nombreuses mesures ont été prises. C'est également le cas concernant le domaine des crédits.
Quelques principes de responsabilité de l'intermédiaire en crédit à l'égard des documents que son client lui transmet, au détour d'une décision judiciaire
