Supreme Court allows bank's cassation appeal regarding interest rate calculation on overdue loan payments.
Legislator summary
AI generatedThe Supreme Court of Poland accepted the bank's cassation appeal against the appellate court's judgment. The dispute concerned the calculation of interest on overdue loan payments, with the bank arguing for a specific method based on statutory provisions. The court ruled in favor of the bank, allowing the appeal to proceed for further review of the interest calculation methodology.
Legislator headnote
AI generatedArt. 481 § 1 k.c.; Art. 482 § 1 k.c.: The court established that interest on overdue payments must be calculated based on the statutory base rate adjusted for the specific period of delay, rejecting alternative calculation methods not supported by law.
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