Supreme Court allows employee interest claim against employer in bankruptcy under specific priority rules.
Legislator summary
AI generatedThe 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 generatedBankruptcy 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 generatedCited Legislation
AI generatedRelated Decisions
AI generatedFull text
Kysymys työpalkkasaataville maksettavan koron etuoikeudesta työnantajan konkurssissa.
MJL 9 § 1 mom 1 kohta
MJL 4 §