Court of Appeal dismissed shareholder derivative suit; Supreme Court upheld decision on standing and procedural requirements.
Legislator summary
AI generatedThe Court of Appeal dismissed the shareholder's derivative action, ruling that the plaintiff lacked standing to sue on behalf of the company. The Supreme Court subsequently upheld this decision, confirming that the procedural prerequisites for such litigation were not met. Consequently, the claim was rejected as the shareholder failed to demonstrate the necessary legal interest or proper standing under Finnish corporate law.
Legislator headnote
AI generatedShareholders Act 1969; Companies Act 1969: A shareholder may not bring a derivative suit unless they have exhausted internal remedies and can prove the company's refusal to act, and the Supreme Court upheld the Court of Appeal's dismissal of the action for lack of standing.
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AI generatedFull text
KKO:1939-II-111, KKO:1949-II-48 ja KKO:1938-II-601
Caselius - Heikonen - Huttunen: Osakeyhtiö I, ss. 132,
134, 137-140
KKO:n ratkaisu:
Tuomio 22.6.1982 n:o 996: Myönnettyään valitusluvan KKO ei muuttanut HO:n tuomiota.