Guarantee statute limitation period does not apply to company's guarantee performance; bankruptcy ruling irrelevant to limitation.

The Supreme Court of Finland ruled that the one-year limitation period under the Guarantee Act does not apply to guarantees given to fulfill a company's undertaking. The court held that the company's bankruptcy ruling had no bearing on the limitation issue. Consequently, the claim was permitted to proceed as the statutory time bar was inapplicable to this specific type of guarantee obligation.