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Category: Commercial law

Contractual penalty

Contractual penalty

Contractual penalty is defined in article 483 of Civil Code, which states that it is possible to reserve the right to claim compensation of damages stemming from non-performance or improper performance of non-pecuniary obligation will be effected by payment of a specified amount (contractual penalty).

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Bank enforcement title (BET) contra investment (securisation) funds

Bank enforcement title (BET) contra investment (securisation) funds

Bank enforcement title was out-of-court enforcement title issued on the basis of banking books or other documents associated with banking operations. On 14th April 2015 The Constitutional Court ruled, that banking law provisions allowing banks to issue bank enforcement title and to initiate on the basis of them enforcement proceedings violate the constitutional principle of […]

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