Legislator Case Law & Legislation
ECLI:NL:RBALM:2012:BW0886 ECLI:NL:RBALM:2012:BW0886 AI generated

Court orders curator to release construction guarantee sum to contractor after rejecting contract performance.

Case Number ECLI:NL:RBALM:2012:BW0886
Court / Authority
Jurisdiction Netherlands (NL)
Decision Date
Outcome Allowed / Granted

Legislator summary

AI generated

The court ordered the curator of the bankrupt contractor to release a construction guarantee sum held by a notary for the homeowner. The homeowner and a construction company argued that the guarantee should be returned since the contractor failed to perform, while the curator refused to recognize the contract. The court ruled that because the contract was not performed, the guarantor had no right to retain the sum, mandating its release to the creditor.

Legislator headnote

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Article 37 of the Bankruptcy Act; Article 6:119 of the Civil Code: Where a guarantor refuses to recognize a contract due to the debtor's bankruptcy, the guarantor must release the security sum to the creditor upon proof of non-performance.

Keywords

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construction guarantee bankruptcy curator notary deposit contract performance security release civil procedure bankruptcy law

Cited Legislation

AI generated
Article 37 Bankruptcy Act
Article 3 lid 1 construction contract
Article 3 lid 2 and 3 construction contract
Article 6:119 Civil Code
artikel 6:119 Burgerlijk Wetboek
AI generated

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