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Retail buyers of financial products can choose where to settle disputes, EU legal opinion says

By Jack Schickler ( April 11, 2019, 14:32 GMT | Insight) -- Sellers of retail financial products might have to deal with disputes in the court systems of countries where their customers are, if a legal opinion issued today by the EU’s highest court is followed. People buying contracts for difference count as consumers under EU laws, meaning they have recourse to judges in their own jurisdiction, according to a nonbinding legal opinion prepared by Advocate General Evgeni Tanchev for the EU Court of Justice.Sellers of retail financial products might have to deal with disputes in the court systems of countries where their customers are, if a legal opinion issued today by the EU’s highest court is followed....

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