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22.12.2016 Interruption of limitation in banking law

Posted by on Dec 22, 2016 in Ikke kategoriseret | Comments Off on 22.12.2016 Interruption of limitation in banking law

The law firm JURIS’prudence has recently represented a client from Luxemburg in a litigation against a debt collection company who had acquired a claim against the Luxemburg client from a bank in bankruptcy. The Luxemburg client argued that no reminder whatsoever had been addressed to him from the bank for a period of more than 10 years and that as a consequence the claim had been time-barred according to the Limitation Act and no longer existed. At the time of filing the legal action against the Luxemburg debtor limitation was 10 years for...

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