Were clauses soil lawful?

Abstract

 Departing  from  the  affirmation spilt  by our  Supreme Court  in  his judgment from  May 9, 2013  it brings  soil over of the possible  legality of the clauses, there are analyzed the requirements of transparency demanded in the regulation ap- plicable to the contracts of mortgage  lending  celebrated before the financial crisis and to the collapse  of the Euribor below  the minimal numbers contemplated as variable interest   rate  in  the  above mentioned  clauses, to  determine if  really  it  is  possible to  think that  the  clauses  I occur  were  lawful providing that  the  above  mentioned requirements were  fulfilled, in  the  light  of  the  contradictory jurisprudence on  the above  mentioned question, dedicating special  attention to  the  intervention of  the Notary  autorizante. In  the  second part  of the  work,  there  is studied the  normative evolution produced in the successive reforms introduced to raise the level of material and formal  transparency of the above-mentioned clauses, determining the royal scope of the  above  mentioned evolution, ending  with a comparison with the  information about financial complex products foreseen  in  the  regulation of the  Stock market.