More and more frequently, judicial rulings related to the protection of consumer rights collide with economic reality and the laws of the market economy. Interpretations of legal regulations by public institutions (the Polish Office for Competition and Consumer Protection [UOKiK], the Polish Financial Ombudsman, the Polish Financial Supervision Authority [KNF]) are issued under political pressure and may cause effects opposite to those originally intended. Cases related to disputes over loans denominated in CHF are just one example. The legal risk in the banking system already exceeds the credit risk. Action is needed to counteract the destruction of market economy mechanisms.
- What are the consequences of changes in the legal and interpretative environment for trading?
- Threats to preserving economic order resulting from the application of law on the basis of dogmatic (logical-linguistic) analysis.
- Is there a need for a set of “abusive” resolutions infringing upon rights and developmental mechanisms of market economy or breaching a code of good practice in this respect?