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Part II EU Jurisdictions, 13 Sweden

Torbjörn Ingvarsson

From: Unfair Terms in Banking and Financial Contracts

Edited By: Danny Busch, Matthias Lehmann

From: Oxford Legal Research Library (http://olrl.ouplaw.com). (c) Oxford University Press, 2023. All Rights Reserved.date: 23 July 2024

Banker-customer contract — Credit — Capital markets — Financial regulation

This chapter discusses the importance of unfair terms control in Sweden. The main rule of unfair terms control is amended by the Consumer Contracts Act, which is the main act implementing the Unfair Contract Terms Directive (UTD). Thus, the UTD itself has been considered a law of minor significance since it entered into Sweden’s laws in 1995. Despite rulings from the Court of Justice of the European Union (CJEU), the Swedish courts have mostly used other instruments to deal with and remedy unfair terms. The chapter explains that the strategy for protecting consumers in the Nordic countries is through the work of proactive ombudsmen.

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