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The process of execution can be long and arduous, not least due
to the protracted negotiations that often take place between
borrowers and lenders to come to agreement on repayment. For this
reason, the question as to whether or not the Statute of
Limitations applies to orders for possession and the renewal of
execution orders is an important one.
This importance is even more pronounced where the Covid-19
pandemic has occurred 12 years after the global recession, leaving
many orders coming up to their potential expiration date. It is