News

Certain expiration date

29.05.2018

With its ruling from 14th February, 2018 the Supreme Court decided, that it is not a question of a period, if according to the contract holdback payments are “due until the 15th of the current month”. The defaulter is therefore obligated to pay until the 15th day and the expiration date cannot be postponed, even if the 15th day has been holiday. The debtor’s delay could thereupon lead to early expiration date of all holdback payments (the whole residual debt), regardless what day the 15th of the month has b

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