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Wednesday, 21 November 2018 15:32

GCh / SC: The inflation index and penalty rule should be applied to all monetary obligations

According to the frequent 2 Art. 625 of the Civil Code of Ukraine, the debtor, who has delayed the fulfillment of the monetary obligation, on the demand of the creditor is obliged to pay the amount of debt, taking into account the established inflation index for the entire time of delay, as well as three percent annual from the overdue amount, if another interest rate is not set by the contract or by law

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