Romania

Details

  • Service: Advisory
  • Industry: Financial Services
  • Type: Publication series
  • Date: 10/13/2011

Statute of Limitations under the New Civil Code 

The concept of statute of limitations (extinctive prescription) has been extensively revised and restructured under the New Civil Code. Thus, in some instances, completely new notions have been introduced, whereas in other cases changes have been made to expressly regulate certain issues previously debated and/or clarified only in the doctrine and the case law.
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© 2011 KPMG Romania S.R.L., a Romanian limited liability company and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.
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