Period of limitation

The right to claim damages arising from a breach of duty on the part of the insolvency administrator is governed by the regulations concerning the regular period of limitation under the Civil Code. Such claim is subject to limitation at the latest after three years beginning on the date of termination of the insolvency proceedings or the date when the order discontinuing such proceedings became final. Sentence 2 applies to any violation of duties committed under delayed distribution (section 203) or monitoring of implementation of the plan (section 260), with the proviso that termination of the insolvency proceedings is replaced by the execution of delayed distribution or the termination of monitoring, respectively.