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.
Legislator summary
AI generatedThe 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
AI generatedArticle 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
AI generated
construction guarantee
bankruptcy curator
notary deposit
contract performance
security release
civil procedure
bankruptcy law
Cited Legislation
AI generatedArticle 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
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