The Lexitor decision of the ECJ, dealing with the interpretation of the Directive on Consumer Credit Agreements (2008/48/EC), requires the Austrian legislator to amend the Consumer Credit Act (VKrG) and the Consumer Mortgage Act (HIKrG).
Balint Ozsvar is a junior associate in the Banking & Finance Practice Group in Baker McKenzie's Vienna office and specializes in financial regulatory matters and financing transactions. Prior to joining Baker McKenzie in 2020, Balint worked for a renowned Austrian law firm and a major Austrian Bank. He holds a law degree from the Vienna University of Economics and Business (LL.M.).