Biznes Fakty
The government will consider the draft Swiss franc law
On July 24, the Standing Committee of the Council of Ministers will review the draft of the so-called Swiss franc law, as per the agenda of the SKRM meeting. The anticipated regulations are set to take effect later this year.
The government’s approval of the bill was initially scheduled for the second quarter of this year.
The new regulations aim to streamline and accelerate procedures in Swiss franc cases, thus alleviating the burden on courts and reducing the time taken for proceedings in other case types as well. The Ministry of Justice anticipates that the law will be enacted in 2025, following a 14-day vacatio legis.
The government will evaluate the draft Swiss franc law
As per the bill, consumers litigating against banks will not be required to file applications for security, including the suspension of installment repayments – the suspension of such payments will occur automatically by law.
Additionally, it is proposed to expand the option for adjudication in closed sessions both in the first and second instances, as well as to allow the submission of a counterclaim application within a single court proceeding.
The bill also presents incentives for achieving out-of-court settlements, including tax benefits for parties opting to forgo further litigation.
