: 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 → The post Bank Liability When Granting Credit: 10 Key Principles of Belgian Banking Law appeared first on Banking and Finance law in Belgium
: A decision by the Mons Court of Appeal[1] allowed us to review the notion of interruption of prescription, a fundamental principle in Belgian civil law. This case illustrates the rules applicable to the starting point of prescription and the conditions necessary to interrupt it. The Starting Point of Prescription in Belgian Law In contractual matters, the... Continue Reading → The post Banking Liability and Interruption of Prescription in Belgian Law: Lessons from a Court of Appeal Decision appeared first on Banking and Financial law in Belgium
: A decision by the Mons Court of Appeal[1] allowed us to review the notion of interruption of prescription, a fundamental principle in Belgian civil law. This case illustrates the rules applicable to the starting point of prescription and the conditions necessary to interrupt it. The Starting Point of Prescription in Belgian Law In contractual matters, the... Continue Reading → The post Banking Liability and Interruption of Prescription in Belgian Law: Lessons from a Court of Appeal Decision appeared first on Banking and Finance law in Belgium