This page uses so called "cookies" to improve its service (i.e. "tracking"). Learn more and opt out of tracking
I agree

Art. 9 Directive 97/5/EC of the European Parliament and of the Council of 27 January 1997 on cross-border credit transfers, Official Journal L 043, 14/02/1997 at 25 et seq, available at www.eur-lex.eu

Title
Art. 9 Directive 97/5/EC of the European Parliament and of the Council of 27 January 1997 on cross-border credit transfers, Official Journal L 043, 14/02/1997 at 25 et seq, available at www.eur-lex.eu
Content

Article 9 Situation of force majeure

Without prejudice of the provisions of Directive 91/308/EEC, institutions participating in the execution of a cross-border credit transfer order shall be released from the obligations laid down in this Directive where they can adduce reasons of force majeure, namely abnormal and unforeseeable circumstances beyond the control of the person pleading force majeure, the consequences of which would have been unavoidable despite all efforts to the contrary, which are relevant to its provisions.

Referring Principles
Trans-Lex Principle: VI.3 - Force majeure
A project of CENTRAL, University of Cologne.