Judgment_paragraph 64 · Walter Rechberger, Renate Greindl, Hermann Hofmeister and Others v Republik Österreich (C-140/97)

64It must therefore be held that national legislation properly transposes the obligations under Article 7 of the Directive only if, whatever may be the detailed rules laid down for its application, it achieves the result of providing the consumer with an effective guarantee of the refund of all money paid over and his repatriation in the event of the travel organiser's insolvency.