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Part I General Part, 1 Introduction

Danny Busch, Matthias Lehmann

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: 17 July 2024

Banker-customer contract — Capital markets — Currency

This introductory chapter sets the scene by discussing the special need for unfair terms control in banking and finance. This chapter points in particular to the strong imbalance of knowledge and negotiating power in this sector. It sheds light on the purpose of this book, which is essentially a stocktaking of the influence of the Unfair Terms Directive (UTD) in the European Union, the European Economic Area (EEA), and Europe as a whole. The chapter sets out our understanding of the notion ‘banking and financial contracts’, and explains our selection of covered jurisdictions. Finally, the structure of the book is presented.

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