The Civil obligations Act egulates two types of limitation periods for compensation. The first, a subjective period, is 3 years from the moment the injured party becomes aware of the damage and the person who caused it. The second, an objective period, is set at 5 years from the occurrence of the damage. It is important to note that there are exceptions to this rule, where the limitation period may be shorter or longer than prescribed (e.g., for damage caused by a criminal offense, a one-year limitation period in certain cases, limitation periods in insurance contracts, limitation periods when a claim is established before a court or other competent authority).