Legislator Case Law & Legislation
KKO 253/1995 AI generated

Supreme Court allows employee interest claim in employer bankruptcy despite statutory priority rules.

Case Number KKO 253/1995
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 priority claim under the Bankruptcy Act, while the administrator contended it was subordinate to other secured claims. The court ruled that the specific priority rules for wages do not automatically exclude interest claims, permitting them to be treated as part of the wage priority.

Legislator headnote

AI generated

Bankruptcy Act s. 10; Bankruptcy Act s. 11: Interest claims on wage arrears are not excluded from the priority status of wage claims in bankruptcy proceedings and may be paid alongside principal wages.

Keywords

AI generated
bankruptcy priority wage arrears interest employee claims supreme court ruling financial compensation

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 §