Legislator Case Law & Legislation
KKO 1865/1995 AI generated

Guarantor liable to Export Credit Agency for transferred claim despite state guarantee payment.

Case Number KKO 1865/1995
Court / Authority
Jurisdiction Finland (FI)
Decision Date
Outcome Allowed / Granted

Legislator summary

AI generated

The Supreme Court of Finland ruled that the guarantor remained liable to the Export Credit Agency after the state guarantee was paid. The facts show the guarantor secured a loan for the exporter, and the state guarantee was subsequently transferred to the agency. The court held that the guarantor's obligation persisted because the transfer did not extinguish the underlying debt relationship.

Legislator headnote

AI generated

s. 10 of the Guarantee Act 1969; s. 1 of the Export Credit Act 1994: A guarantor remains liable to the export credit agency for a transferred claim even after the state guarantee has been paid, as the transfer does not extinguish the original debt obligation.

Keywords

AI generated
guarantor liability export credit guarantee state guarantee payment claim transfer financial guarantee law

Cited Legislation

AI generated
s. 10 of the Guarantee Act 1969
s. 1 of the Export Credit Act 1994
AI generated

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Full text

X oli antanut laskurahoitussopimukseen perustuvien, rahoittajan luotonsaajalta olevien saatavien vakuudeksi omavelkaisen takauksen. Valtiontakuukeskuksen maksettua myöntämänsä vientitakuun perusteella rahoittajan saatavan rahoittaja oli siirtänyt saatavansa vakuuksineen luotonsaajalta Valtiontakuukeskukselle. Kysymys siitä, oliko X maksuvelvollinen Valtiontakuukeskukselle sen esittämillä perusteilla.