Statute of limitations is a legal concept that determines the time period within which a party can take legal actions to enforce their rights or seek compensation for violations of those rights. It is applied in many legal systems to ensure legal certainty, encourage party activity in proceedings, and ensure fair and efficient resolution of legal disputes. Statutes of limitations are determined by law and vary depending on the type of obligation and the jurisdiction. They typically range from a few years to several decades. The statute of limitations can start running from a specific event, such as the day the obligation arose or the day the right was violated. The purpose of the thesis on the topic of statutes of limitations can be manifold, depending on the specific approach to research and the context of legal analysis. One of the multiple objectives is the analysis of the impact of statutes of limitations rules on legal certainty within a particular legal system. Research on the topic of statutes of limitations provides an opportunity for a deeper understanding of legal mechanisms and their impact on legal certainty and justice. One possible approach involves analyzing the legal and ethical implications of statutes of limitations rules.