Selected Cases by Article & Issues
(1) Official holidays or non-business days occurring during a period set by parties for an act to be performed are included in calculating the period.
(2) However, if the last day of the period is an official holiday or a non-business day at the place of business of the party to perform the act, the period is extended until the first business day which follows, unless the circumstances indicate otherwise.
(3) The relevant time zone is that of the place of business of the party setting the time, unless the circumstances indicate otherwise.
|1||Time period set by parties and holidays|
|1.1||Holidays occuring during period included in calculating period||1|
|1.2||Holiday falling at expiry of period|
|2||Time period set by parties and relevant time zone|