Legislator Case Law & Legislation
KKO 1298/1997 AI generated

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

Case Number KKO 1298/1997
Court / Authority
Jurisdiction Finland (FI)
Decision Date
Outcome Allowed / Granted

Legislator summary

AI generated

The Supreme Court of Finland ruled that a creditor in a debt restructuring proceeding must reimburse the state for legal fees paid to the debtor's counsel during the appeal process. The creditor argued that the state's payment to the lawyer was a necessary procedural step, while the state contended that the creditor should bear the cost of the appeal representation. The court decided that since the creditor initiated the appeal by requesting a change in the restructuring plan, they are liable for the associated legal costs incurred by the debtor's representative.

Legislator headnote

AI generated

MOL 21 § 1 mom; VJL 62 § 1 mom (57/93): In debt restructuring proceedings, a creditor who initiates an appeal is liable to reimburse the state for legal fees paid to the debtor's counsel on appeal.

Keywords

AI generated
debt restructuring legal fees reimbursement state compensation creditor liability appeal representation legal costs supreme court ruling

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)