ESTABLISHING CONSUMER STATUS IN THE CJEU CASE LAW THE CASE OF COSTEA AGAINST SC VOLKSBANK ROMANIA S.A.
ESTABLISHING CONSUMER STATUS IN THE CJEU CASE LAW THE CASE OF COSTEA AGAINST SC VOLKSBANK ROMANIA S.A.

Summary/Abstract: The article presents the Court of Justice of the European Union decision in the case of Costea v SC Volskbank Romania SA when an interpretation of the concept of consumer was delivered. The Luxembourg Court concluded that a natural person exercising the profession of lawyer and concluding a credit agreement with a bank without the purpose of the credit being specified in that contract, may be regarded as a 'consumer' within the meaning of that provision where that contract is not linked to the professional activity of that lawyer.

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