Rospotrebnadzor (Federal Service for Supervision in Consumer Rights Protection and Human Welfare) published a press-release criticizing the recent Russian Supreme Court’s (SC) letter on the issue of the loan agreement cases venue. According to the Supreme Court, contractual provisions setting venue in the judicial district where the bank is located should be upheld. In contrast, Rospotrebnadzor, citing consumer protection legislation as a ground, insists that the borrower may chose venue at his/her place of residence, despite the contractual provision. Rospotrebnadzor points out that the SC letter is not legally binding, and opines that “the artificially stirred interest to the [SC] letter . . . can hardly strengthen citizens’ trust . . . in judicial branch representatives.”
http://russian-law.livejournal.com/47489.html
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