IP Newsletter September 2023

Legal Network International’s update on global IP and trade mark news from the member firms of the Legal Network International (LNI).

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LNI IP Newsletter September 2023

 

Statute of Limitation: When is a claim considered time-barred?

In the Statute of Limitation report created by the LNI Dispute Resolution Group we consider the question ‘when is a claim considered time-barred?’

The report discusses the Statute of Limitation rules applicable in the various jurisdictions of its members. providing a high-level comparison of the Statute of Limitation (prescription) rules applicable in a number of jurisdictions around the world and considers some key questions.

You can read the full report here: LNI Statute of Limitation Report

When is a claim considered time-barred?

This table provides a general overview of the main limitation periods applicable in the various jurisdictions. Special attention needs however to be paid to the starting date of the period. In lots of jurisdictions, if such starting date is linked to subjective factors (e.g. knowledge), a maximum duration since the occurrence of the event is foreseen.

MAIN LIMITATION PERIODS

 

Jurisdiction:

 

General rule (if no specific limitation period applies)  Contracts Torts Unjust enrichment
Austria 30 years 30 years if no shorter period is foreseen Generally 3 years Generally 30 years
Belgium

 

30 years 5 years 10 years 10 years
Brazil 10 years 10 years 3 years 3 years
Bulgaria 5 years if no shorter limitation provided by law 5 years 5 years
China 3 years unless otherwise provided by law 3 years unless otherwise provided by law 3 years unless otherwise provided by law 3 years unless otherwise provided by law
England & Wales 6 years unless otherwise provided by law 6 years (3 years for personal injury) unless otherwise provided by law 6 years unless otherwise provided by law
France 5 years 5 years 10 years 5 years
Germany 3 years 3 years 10 years (30 years in case of body injuries) 3 years
India 3 years 3 years 1 to 3 years
Luxembourg 30 years 30 years (10 years in commercial matters) 30 years 30 years
Netherlands 20 years 5 years 5 years 5 years
Serbia 10 years (3 years in commercial matters) 3 years 10 years
Spain 5 years 5 years 1 year 5 years
Sweden 10 years 10 years (3 years for claims against consumers) 10 years 10 years
Switzerland 10 years 10 years 3 years 3 years
Turkey 10 years 10 years 2 years 2 years

For more details, please refer to the Country Reports in the full report: 
Statute of limitation: A multi-jurisdiction comparative study

The report which outlines the main trends and variations on the statute of limitation also includes country reports from the members in the LNI Dispute Resolution Group in Australia, Belgium, Brazil, Bulgaria, China, England and Wales, France, Germany, India, Luxembourg, Netherlands, Serbia, Spain, Sweden, Switzerland, and Turkey.

Specific queries should be addressed to the relevant LNI Members in the respective jurisdictions.

Azevedo Sette has advised Clube Atletico Mineiro in the transformation into SAF

Azevedo Sette has advised Clube Atletico Mineiro in the transformation into SAF and in the sale of 75% of its shares to Galo Holding, Ricardo Guimaraes and FIP Galo and FIP Galo Rei for a total value of R$ 913 million. They have been working with the club, the board and the officers of Atletico for more than year in the preparation of the team to get all Board approvals, transfer the assets into a Sociedade Anonima de Futebol and assisted Atletico in the process of restructuring, M&A and filing within CADE. They have also assisted Atletico in the restructuring of Arena MRV, the transfer of Arena MRV and the Training Facilities into the SAF.

This is the largest and most complex transaction already executed in soccer in Brazil, with one of the most prominent teams in the country, a complex debt structure, in addition to a brand new stadium and a combination of investors.

Azevedo Sette’s partners Luiz Sette and Luis Miraglia led the series of transactions that culminated in the signing on September 1st with the help of Tax Partner Bruno Felippe Almeida, antitrust Partner Luiz Salles, Senior Associates Natalia Meirelles Barros and Pedro Henrique De Castro Oliveira and contribution of Lorena Pretti Seraglio, Bruna Bigas, Gabriela Lima Nogueira and Matheus Araujo Aiala Agostinho.

Read the full article here.