Legislator Case Law & Legislation
KKO 1297/1997 AI generated

Creditor in debt restructuring must reimburse state for lawyer fees paid to debtor's counsel upon appeal rejection.

Case Number KKO 1297/1997
Court / Authority
Jurisdiction Finland (FI)
Decision Date
Outcome Allowed / Granted

Legislator summary

AI generated

The Supreme Court ruled that a creditor who lost a debt restructuring appeal must reimburse the state for legal fees paid to the debtor's counsel. The creditor argued the state should bear costs, but the court held the creditor is liable for the appeal process expenses. Consequently, the court ordered the creditor to pay the amount advanced by the state to the lawyer.

Legislator headnote

AI generated

MOL 21 § 1 mom; VJL 62 § 1 mom: A creditor who loses a debt restructuring appeal is liable to reimburse the state for legal fees advanced to the debtor's counsel during the appeal proceedings.

Keywords

AI generated
debt restructuring legal fees reimbursement state advance payment creditor liability appeal proceedings costs

Cited Legislation

AI generated
MOL 21 § 1 mom
VJL 62 § 1 mom (57/93)
AI generated

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Full text

Kysymys siitä, oliko velkajärjestelyasiassa muutoksenhaun hävinnyt velkoja velvollinen korvaamaan valtiolle muutoksenhakemukseen vastanneen velallisen oikeudenkäyntiavustajalle hovioikeudessa maksetun palkkion.

MOL 21 § 1 mom

VJL 62 § 1 mom (57/93)