When and at what time does the deadline expire?

Often in practice and in everyday transactions, the question arises: if a contract or law specifies a deadline, say, until August 5th, does it end at the end of the working day (at 5:00 p.m.), at 11:59 p.m., or at the end of bank business hours? A delay of even a few minutes can have serious legal and financial consequences.

In the latest article on the iFinanses 360 portal – iFinanses, iLaw, iBusiness, BDO Latvia Senior Lawyer Kristaps Leonards Limbergs explains in depth the application of legal norms and practices in calculating deadlines.

Read the full article on the iFinanses portal.