“It is a correct decision that will have to be applied,” said Isarescu, adding people with loans in Swiss francs should address courts citing the Civil Code.
The Constitutional Court on Tuesday ruled the law stipulating the conversion of Swiss franc loans into Romanian lei at historical rates is unconstitutional. Court chairman Valer Dorneanu said the law violates the principle of bicameralism as it suffered substantial changes between its adoption by the Senate and its adoption by the Chamber of Deputies.
He added that the solution adopted by the Chamber of Deputies, namely the conversion at the exchange rate at the date of the loan contract, was wrong and does not meet any European directive.