The Statute of Limitations (Amendment) Bill 2017 (the “Bill”) was introduced to the Dáil on 8 March 2017 by Mick Wallace TD. The Bill proposes to amend the Statute of Limitation Act 1957 by reducing the time period in which to initiate proceedings for common civil actions (including debt-related claims) from 6 years to 2 years. The Bill also proposes to reduce the time period in which to enforce judgments granted by the courts from 12 years to 2 years.
Speaking in the Dáil, Mick Wallace TD stated that the proposed Bill was guided by recommendations made by the Law Reform Commission in 2011 that the limitation periods for common civil claims should be reduced from 6 years to 2 years. It was also submitted that reducing the limitation periods for enforcing judgments from 12 years to 2 years would bring such periods in line with recent bankruptcy and insolvency legislation.
The Bill passed to Second Stage (where it will be debated by the Oireachtas) with no opposition from Government. The Bill as initiated can be accessed here.