Court of Justice (First Chamber) 18 June 2020, C-639/18 (KH v Sparkasse Südholstein.)

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In Case C-639/18, the Court addressed whether an amendment to a loan agreement, which solely alters the interest rate without extending the loan term or changing the loan amount, qualifies as a 'contract concerning financial services' under Article 2(a) of Directive 2002/65/EC. The Court ruled that such an amendment does not meet the criteria for categorization as a new contract, as it does not involve the provision of a new financial service but merely adjusts the terms of an existing agreement. Consequently, the directive's provisions apply only to the initial service agreement, and the amendment does not trigger the rights associated with distance contracts.AI

European Union · · · Cited by 16 · 18-06-2020

JUDGMENT OF THE COURT (First Chamber) 18 June 2020 ( *1 ) (Reference for a preliminary ruling — Consumer protection — Distance marketing of financial services — Directive 2002/65/EC — Article 1 — Scope — Contracts concerning financial services consisting of an initial agreement followed by successive operations — Application of Directive 2002/65/EC to the first agreement alone — Article 2(a) —

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