Legislator Case Law & Legislation
DE FR IT EN
Analyze in Legislator
KKO 1448/1995 AI generated

Supreme Court dismisses claim that company director is personally liable for unauthorized loan repayment without bank consent.

Case Number KKO 1448/1995
Court / Authority
Jurisdiction Finland (FI)
Decision Date
Outcome Dismissed
Open official source Machine-readable Markdown (.md)

Legislator summary

AI generated

The Supreme Court dismissed the plaintiff's claim against the company director and the lending company regarding unauthorized loan repayments. The director, as the sole board member, ordered the return of funds from the lending company to the borrowing company without the bank's consent, despite a guarantee deposit. The court held that the director's internal instructions did not create personal liability for the companies, and the borrowing company had no obligation to repay or compensate the bank absent specific statutory grounds.

Legislator headnote

AI generated

Section 1 of the Act on the Liability of Directors; Section 2 of the Act on the Liability of Directors: A director's internal instructions to repay loans without creditor consent do not establish personal liability for the company or the director.

Keywords

AI generated
director personal liability unauthorized loan repayment corporate indemnity bank guarantee deposit internal corporate instructions
AI generated
kko-precedent_1998_115
Supreme Court dismisses claim against company director for damages to bank based on breach of company law duties.
kko-precedent_1995_144
Supreme Court allows bank claim against borrower for debt arising from a fraudulent loan scheme. The court held that the bank's knowledge of the fraud made the claim not contrary to good faith.
kko-precedent_1992_188
Supreme Court allows bank to use time deposit as primary security despite secondary intent argument.
kko-precedent_1993_86
Supreme Court rules bank cannot force wife to secure husband's debt when selling jointly owned shares.
kko-other_1999_1912
Supreme Court dismisses claim against guarantor for joint liability when principal debtor fails to pay bank loan.

Need to analyze how this precedent applies to your matter?

Cross-reference this judgment against statutes, commentaries, and subsequent citing case law inside Legislator AI.

Open in Legislator →

Full text

Sama henkilö oli toimitusjohtaja, hallituksen ainoa varsinainen jäsen ja perheenjäsentensä ohella osakas osakeyhtiöissä A ja B. Osakeyhtiö A oli lainannut osakeyhtiö B:ltä varoja, jotka oli talletettu A:n tilille pankin A:n puolesta antaman takaussitoumuksen vakuudeksi. A maksoi varat tililtä takaisin B:lle ilman pankin suostumusta.

Kysymys siitä, oliko toimitusjohtaja henkilökohtaisesti sitoutunut luotto- ja vakuusjärjestelyyn ja oliko osakeyhtiö B samaistuksen johdosta tai muulla perusteella velvollinen palauttamaan varat tai korvaamaan pankin vahingon.