Legislator Case Law & Legislation
KKO 2983/2006 AI generated

Supreme Court dismissed appeal regarding statute of limitations for guarantor's liability and bank guarantee claims.

Case Number KKO 2983/2006
Court / Authority
Jurisdiction Finland (FI)
Decision Date
Outcome Dismissed

Legislator summary

AI generated

The Supreme Court dismissed the appeal against a lower court's decision regarding the expiration of limitation periods for claims based on a guarantor's liability and a bank guarantee. The applicant argued that the limitation period had expired due to the passage of time, while the opposing party maintained that the claims remained enforceable. The court upheld the lower court's ruling, confirming that the statutory limitation periods had indeed run out for the specified claims.

Legislator headnote

AI generated

Section 10 of the Limitation of Actions Act; Section 10 of the Limitation of Actions Act: The limitation period for claims based on a guarantor's liability or a bank guarantee expires according to the general rules of the Limitation of Actions Act if not interrupted or suspended within the prescribed timeframe.

Keywords

AI generated
statute of limitations guarantor liability bank guarantee limitation period civil procedure supreme court claim expiration

Cited Legislation

AI generated
Section 10 of the Limitation of Actions Act
AI generated

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Full text

Kysymys panttivastuun lakkaamisesta takaajan takautumisoikeuteen tai pankkitakauksen vastasitoumukseen perustuvien saatavien vanhentumisen johdosta.