Gernandt & Danielsson has successfully represented Svea Bank against the Consumer Ombudsman in proceedings before the Supreme Court in a case concerning prohibition against late fees
In 2020, the Swedish Consumer Ombudsman initiated proceedings against Svea Ekonomi AB, currently Svea Bank AB, with the purpose to ban late fees in consumer credit relations. In the proceedings, the Ombudsman asserted that late fees were prohibited pursuant to the Swedish Act on Compensation for Collection Costs etc.
