Judgment_paragraph 74 · Walter Rechberger, Renate Greindl, Hermann Hofmeister and Others v Republik Österreich (C-140/97)

74Next, it should be pointed out that Article 7 of the Directive imposes an obligation of result, namely to guarantee package travellers the refund of money paid over and their repatriation in the event of the travel organiser's bankruptcy. Such a guarantee is specifically aimed at arming consumers against the consequences of the bankruptcy, whatever the causes of it may be.

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

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