Dear Clients and Business Partners
Following a lengthy reconciliation process between the National Council and the Council of States, on 15 June 2018 the Parliament adopted the new law on the statute of limitation. The referendum period continues to run until 4 October 2018. The law was revised, amongst other reasons, due to the fate of persons exposed to asbestos, whose claims had already become time-barred under existing law, long before symptoms of their asbestos-related illness became apparent. It is not yet clear when the new law on the statute of limitation will come into force. However, it is not expected to occur before 1 January 2020. In the following, the most important changes to the law on the statute of limitation are briefly presented and explained.
Maja Krapf
Partner, Legal Services
Ernst & Young Ltd