THE STATUTE OF LIMITATION ACCORDING TO THE NEW CIVIL CODE

Abstract: The Romanian Civil Code, which has entered into force on the 1st of October 2011, refers in Section 6 to the statute of limitation, extinguishment of rights and term estimation. Therefore, the former Decree-law no. 167/1958 on the statute of limitation and the articles regarding this legal institution in the Civil Code from 1864 have all been abrogated.
Considering these new provisions on the statute of limitation, we have tried to present possibile implications of these new rules and possible problems that may arise from the interpretation of the new law.
Our purpose is not to reaffirm what has already been said or what is already well known, but to point out and analyze some of these new provisions which need to be discussed.