CJEU ruling on unauthorised payment transactions

Judgment of the Court (Fifth Chamber) of 11 July 2024. UA v EUROBANK BULGARIA. Request for a preliminary ruling from the Apelativen sad - Sofia. Reference for a preliminary ruling – Free movement of capital – Payment services in the internal market – Directive 2007/64/EC – Concept of ‘payment instrument’ – Power of attorney of an agent acting on behalf of the account holder – Copy of the power of attorney with an ‘apostille’ certificate – Articles 54 and 59 – Consent to the execution of a payment transaction – Concept of ‘authentication’ – Unauthorised payment transactions – Liability of the payment service provider for those transactions – Burden of proof.

C-409/22

Final version