The Borrower lost against Nordea in the Court of Appeal
The District Court ruled in favour of the borrower and came to the conclusion that Nordea should have advised against the loan of Swiss francs. BAHR was engaged to conduct the appeal. Frostating Court of Appeal held Nordea not liable. The Court of Appeal came to the conclusion that Nordea had given satisfactory information about the risks involved when borrowing in a foreign currency, that Nordea did not have a duty to recommend to abstain and that there were no conditions that would justify neither liability, nor overturning the agreement pursuant to the Norwegian Contract Act § 36.