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Retail contracts-for-difference must allow redress in consumer's home state, EU court says

( October 3, 2019, 09:36 GMT | Official Statement) -- MLex Summary: Retail buyers of leveraged trading products can litigate contractual disputes in their home country, the EU's highest court has ruled. A Czech student who traded foreign-currency contracts for difference using a Cypriot brokerage should be deemed a consumer, irrespective of her financial experience or the value of trades, the court said.Document attached. ...

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