Supreme Court dismissed appeal regarding statute of limitations for guarantor's liability and bank guarantee claims.
Legislator summary
AI generatedThe 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 generatedSection 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.
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Kysymys panttivastuun lakkaamisesta takaajan takautumisoikeuteen tai pankkitakauksen vastasitoumukseen perustuvien saatavien vanhentumisen johdosta.