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 unpaid wages in the employer's bankruptcy proceedings. The employee argued that interest should be paid as a priority claim, while the administrator contested this based on the general order of bankruptcy distribution. The court ruled that under the relevant bankruptcy law, interest on wage claims qualifies for priority treatment, thereby permitting the claim to be satisfied ahead of other unsecured creditors.
Legislator headnote
AI generatedBankruptcy Act s. 10; Bankruptcy Act s. 11: Interest on wage claims constitutes a priority claim in bankruptcy proceedings and must be paid before other 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 §