Legislator Case Law & Legislation
KKO 2/1995 AI generated

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

Case Number KKO 2/1995
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 wages in the employer's bankruptcy proceedings. The employee argued that interest should be paid as a privileged claim, while the administrator contested this based on general bankruptcy distribution rules. The court ruled that under the relevant sections of the Bankruptcy Act, interest on wage claims retains its privileged status and must be paid before unsecured creditors.

Legislator headnote

AI generated

Bankruptcy Act s. 10; Bankruptcy Act s. 11: Interest accruing on wage claims remains a privileged claim in bankruptcy proceedings and must be paid in priority to ordinary unsecured creditors.

Keywords

AI generated
bankruptcy proceedings wage claims interest priority privileged claims employee rights creditor hierarchy supreme court ruling

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 §