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Supreme Court Rules Against Swiss Citizens: Citizens Have the Right to Default Interest, Not to Return the Principal
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The Supreme Court in the 'Swissman' case ruled that a consumer who converted a loan is not entitled to a refund of the principal.
The Supreme Court has issued a long-awaited ruling on the rights of citizens who have converted Swiss franc loans into euros. According to information published by Index, the court has taken the position that beneficiaries of such loans do not have the right to claim the return of overpaid principal arising from void contractual provisions.
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