Dear customer, in civil matters related to contact the statutory limitation period is 6 years. However if the agreement was one of deed it is longer.
LIMITATION OF ACTIONS ACT 1958 - SECT 5
Contracts and torts
(1) The following actions shall not be brought after the expiration of six years from the date on which the cause of action accrued—
S. 5(1)(a) amended by Nos 9884 s. 3(a)(i)(ii), 52/2002 s. 3(1)(a)(b), 75/2005 s. 47(1).
(a) Subject to subsections (1AAA), (1AA) and (1A), actions founded on simple contract (including contract implied in law) or actions founded on tort including actions for damages for breach of a statutory duty;
(b) Actions to enforce a recognizance;
(c) Actions to enforce an award, where the submission is not by an instrument under seal;
(d) Actions to recover any sum recoverable by virtue of enactment, other than a penalty or forfeiture or sum by way of penalty or forfeiture.
S. 5(1AAA) inserted by No. 75/2005 s. 47(2).
(1AAA) An action for defamation must not be brought after the expiration of 1 year from the date of the publication of the matter complained of.
S. 5(1AA) inserted by No. 52/2002 s. 3(2).
(1AA) Subject to subsection (1A), an action for damages in respect of personal injuries must not be brought after the expiration of 3 years from the date on which the cause of action accrued.
S. 5(1A) inserted by No. 9884 s. 3(b), amended by Nos 21/1989 s. 3(a), 52/2002 s. 3(3).
(1A) An action for damages for negligence nuisance or breach of duty (whether the duty exists by virtue of a contract or of provision made by or under a statute or independently of any contract or any such provision) where the damages claimed by the plaintiff consist of or include damages in respect of personal injuries consisting of a disease or disorder contracted by any person may be brought not more than 3 years from, and the cause of action shall be taken to have accrued on, the date on which the person first knows—
(a) that he has suffered those personal injuries; and
(b) that those personal injuries were caused by the act or omission of some person.
S. 5(1B) inserted by No. 21/1989 s. 3(b).
(1B) Subsection (1A) as amended by the Limitation of Actions (Amendment) Act 1989 applies to each case where the date on which a person first knew the matters specified in paragraph (a) and (b) of that subsection is within six years before the commencement of that Act.
S. 5(1C) inserted by No. 21/1989 s. 3(b).
(1C) Subsections (1A) and (1B) apply despite anything to the contrary in this or any other Act.
(2) An action for an account shall not be brought in respect of any matter which arose more than six years before the commencement of the action.
(3) An action upon a bond or other specialty shall not be brought after the expiration of fifteen years from the date on which the cause of action accrued:
Provided that this subsection shall not affect any action for which a shorter period of limitation is prescribed by any other provision of this Act.
(4) An action shall not be brought upon any judgment after the expiration of fifteen years from the date on which the judgment became enforceable.
(5) (a) An action to recover any penalty or forfeiture or sum by way of penalty or forfeiture recoverable by virtue of any enactment shall not be brought after the expiration of two years from the date on which the cause of action accrued.
(b) In this subsection "penalty" does not include a fine to which any person is liable on conviction of a criminal offence.
S. 5(6) repealed by No. 9884 s. 3(c).
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(7) Save as otherwise expressly provided an action shall not be brought to recover any arrears of interest in respect of any sum of money whether payable in respect of a specialty, judgment, legacy, mortgage or otherwise, or any damages in respect of such arrears, after the expiration of six years after they became due.
(8) This section shall not apply to any claim for specific performance of a contract or for an injunction or for other equitable relief, except in so far as any provision thereof may be applied by the Court by analogy in like manner as the enactment corresponding to that provision was applied before the repeal of that enactment by the Limitation of Actions Act 1955 .
S. 5(9) inserted by No. 60/2003 s. 11.
(9) Despite subsection (1C), this section does not apply to an action to which Part IIA applies.