Regulating Unfair Banking Practices in Europe: The Case of Personal Suretyships

Author:   Aurelia Colombi Ciacchi (Senior Researcher, Law Faculty; Senior Lecturer, Hanse Law School, University of Bremen) ,  Stephen Weatherill (Professor of European Law, Law Faculty & Somerville College, Oxford University)
Publisher:   Oxford University Press
ISBN:  

9780199594559


Pages:   606
Publication Date:   19 August 2010
Format:   Hardback
Availability:   To order   Availability explained
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Regulating Unfair Banking Practices in Europe: The Case of Personal Suretyships


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Overview

Private persons often stand surety for a business debt incurred by family members, friends, or employers. These suretyships are commonly banking guarantees contracted by means of standard terms. Sometimes the guarantor signs the contract while he/she is not aware of the financial risk related to the guarantee. He or she may not even know what a suretyship is. But in other circumstances the guarantor may be well aware of the risk, but may nonetheless assume it because of strong emotional ties which exist between him/her and the main debtor. How, then, (if at all) does the law address the potential for 'unfairness' in such situations? Some systems choose to rely on objective criteria, such as identification of a manifest disproportion between the guaranteed amount and the surety's income and assets, while others are more open to subjective inquiry. The key point is variation. Different jurisdictions in Europe operate different models with different priorities. This book provides a comparative overview of the remedies against unfair obligations of non-professional guarantors available in 22 EU Member States, based on a questionnaire which has been completed by an expert in each particular jurisdiction and covering both legal rules and the economic context of different credit markets and banking practices.

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Author:   Aurelia Colombi Ciacchi (Senior Researcher, Law Faculty; Senior Lecturer, Hanse Law School, University of Bremen) ,  Stephen Weatherill (Professor of European Law, Law Faculty & Somerville College, Oxford University)
Publisher:   Oxford University Press
Imprint:   Oxford University Press
Dimensions:   Width: 16.30cm , Height: 4.00cm , Length: 23.70cm
Weight:   1.028kg
ISBN:  

9780199594559


ISBN 10:   0199594554
Pages:   606
Publication Date:   19 August 2010
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Hardback
Publisher's Status:   Active
Availability:   To order   Availability explained
Stock availability from the supplier is unknown. We will order it for you and ship this item to you once it is received by us.

Table of Contents

1: A. Colombi Ciacchi and S. Weatherill: Regulating Unfair Suretyships in Europe: Methodology of a Comparative Study 2: K. Heine and R. Janal: Suretyships and Consumer Protection in the European Union through the Glases of Law and Economics 3: A. Colombi Ciacchi and S. Weatherill: Remarks from a Comparative and EU Perspective Country Reports 4: W. Faber: Austria 5: V. Sagaert: Belgium 6: M. M. Fogt: Denmark 7: L. Fox O'Mahony, J. Devenney, and M. Kenny: England and Wales 8: I. Kull: Estonia 9: T. Mikkola: Finland 10: S. Vigneron, A.-S. Barthez, and R. Family: France 11: P. Rott: Germany 12: Y. Erifillidis: Greece 13: T. Tajti: Hungary 14: P. O'Callaghan and A O'Donoghue: Ireland 15: F. Fiorentini: Italy 16: T. Klauberg: Latvia 17: A. Smaliukas and G. Sulija: Lithuania 18: M. Haentjens: The Netherlands 19: I. Lobocka: Poland 20: J. Sinde Monteiro and A. D. Pereira: Portugal 21: F. Ciutacu: Romania 22: L.J. Smith: Scotland 23: S. Meznar: Slovenia 24: T. Rodriguez de las Heras Ballell: Spain 25: A. H. Persson: Sweden

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Author Information

Aurelia Colombi Ciacchi is a Senior Researcher at the Law Faculty and a Senior Lecturer at the Hanse Law School, University of Bremen. She specializes in comparative law, European private law, constitutional and private law, contract and liability law. Stephen Weatherill is the Jacques Delors Professor ofEuropean Community Law at the University of Oxford. He is also the Associate Director of the Centre for the Advanced Study of European and Comparative Law. He is the author of numerous articles and books, including Law and Integration in the European Union (1995, OUP), and Weatherill and Beaumont's EU Law (3rd edition 1999, Penguin), and is the editor of The Harmonisation of European Contract Law: Implications for European Private Laws, Business and Legal Practice (co-edited with S. Vogenauer, 2006, Hart).

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