Maximum Conventional Interest Rate is applicable to money credit operations agreed and payable in foreign currency
October 10, 2023 · 1 min read
The Supreme Court ruled that money lending transactions agreed and payable in foreign currency are subject to the maximum conventional interest limit regulated in Law No. 18.010 on Money Lending Transactions. In this way, the highest court of the country changes the criterion that has prevailed during the last years in relation to this type of operations.
Our Financing and Infrastructure team presents a report on the main implications of the Supreme Court’s decision. Click here to read.
