Standstill agreements to suspend or extend limitation


Published by a ÑÇÖÞÉ«ÇéÍø Dispute Resolution expert
Practice notes
In-house COVID-19

Standstill agreements to suspend or extend limitation


Published by a ÑÇÖÞÉ«ÇéÍø Dispute Resolution expert

Practice notes
In-house COVID-19
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This Practice Note provides guidance on standstill Agreements (or tolling agreements) used for either suspending the running of limitation or extending the period of limitation. It explains the distinction between such standstill agreements and provides links to relevant Precedents.

For guidance on limitation more generally, see Practice Note: Limitation Act 1980—g±ð²Ô±ð°ù²¹±ô Application and related content.

Suspending or extending limitation—what is the difference and why is it important?

There is an important distinction between on the one hand suspending the running of time for a defined period, and on the other hand extending the period of limitation to a specific date:

  1. •

    when the running of time is suspended—the unexpired portion of the Limitation period as at the date of the agreement will typically recommence after the period of suspension ends

  2. •

    when the limitation period is extended—the limitation period will typically end on the date when the period of extension ends. This will usually be a date later than when the original limitation period was due to end, however this type of agreement can

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Jurisdiction(s):
United Kingdom
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Key definition:
Standstill agreement definition
What does Standstill agreement mean?

An agreement between the company and its creditors restraining creditor enforcement action.

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