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TITLE Supreme Court Decision 2013Da35764, 35771 Decided July 7, 2016¡¼Return of Unjust Enrichment, etc.¡½ [full Text]
Summary
Contents of the duty to explain imposed on banks when selling a floating-rate loan denominated in a foreign currency
Whether banks are required to explain in detail the factors that determine a benchmark rate, in cases where lending rates fluctuate depending on changes in the universally applicable interest rate due to a loan rate calculated by adding a flat rate to the benchmark rate which is announced periodically by global financial institutions and/or domestic commercial banks (negative)
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