Legislator Case Law & Legislation
KKO 12/1995 AI generated

Supreme Court allows employee interest claim against employer in bankruptcy under specific priority rules.

Case Number KKO 12/1995
Court / Authority
Jurisdiction Finland (FI)
Decision Date
Outcome Allowed / Granted

Legislator summary

AI generated

The Supreme Court of Finland allowed the employee's claim for interest on unpaid wages in the employer's bankruptcy proceedings. The employee argued that interest should be paid as a priority claim, while the administrator contested this based on the general order of bankruptcy payments. The court ruled that under the relevant sections of the Bankruptcy Act, interest on wage claims retains its priority status and must be paid before unsecured creditors.

Legislator headnote

AI generated

Bankruptcy Act s. 10; Bankruptcy Act s. 11: In bankruptcy proceedings, interest accruing on wage claims is treated as part of the wage claim itself and retains its priority status over other unsecured creditors.

Keywords

AI generated
bankruptcy priority wage claims interest on wages employee rights creditor hierarchy

Cited Legislation

AI generated
Bankruptcy Act s. 10
Bankruptcy Act s. 11
AI generated

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Full text

Kysymys työpalkkasaataville maksettavan koron etuoikeudesta työnantajan konkurssissa.

MJL 9 § 1 mom 1 kohta

MJL 4 §