Local court awards Austrian man 13,000 euros
A man who took out franc-denominated loans was awarded a default judgement in a Vienna court.
"The client didn’t convert his loan before because of consistent policy comments of the SNB," the lawyer for the plaintiff said. The SNB "consciously spread false information to prevent conversions from francs into euros," he said. He has similar cases outstanding as well.
Austrian man wins court case against SNB due to losses when floor abandoned
ByAdam Button
Feb 29, 2016