Woźniak Legal has successfully represented a British borrower in the injunction proceedings regarding Swiss franc loan

Woźniak Legal has successfully represented a British FX mortgage borrower over validity of the Swiss franc loan taken by him and his wife from Getin Bank to purchase the apartment in Poland.
 
On 27 January 2025, the Civil Court in Warsaw granted a freezing injunction in favour of a British FX mortgage borrower who took the loan to purchase the apartment in Poland. The Court decided that the Swiss franc loan taken by a borrower from Getin Bank contains prohibited clauses and suspended the obligation to pay instalments for the duration of the court proceedings.

The injunction given of the Civil Court in Warsaw is an important decision on the highly controversial topic of the Swiss franc loans. Hundreds of thousands of people took out mortgages in foreign currencies, mainly in Swiss francs, attracted by lower interest rates in the 2000s. They are now paying far bigger instalments than expected after the Swiss franc soared against the zloty and following interest rate hikes in Switzerland.