Creditor in debt restructuring must pay client's legal costs for opposing debt restructuring application.
Legislator summary
AI generatedThe Supreme Court ruled that a creditor in a debt restructuring proceeding must reimburse the debtor for legal costs incurred in opposing the restructuring application. The court held that the creditor, having lost the objection to the restructuring, was liable for the procedural expenses generated by their unsuccessful legal challenge. This decision establishes that the losing party in a debt restructuring objection bears the associated litigation costs.
Legislator headnote
AI generatedVJL 62 § 1 mom; The creditor who loses an objection to a debt restructuring application is liable for the legal costs incurred by the debtor in opposing that application.
Keywords
AI generatedCited Legislation
AI generatedRelated Decisions
AI generatedFull text
Kysymys siitä, oliko velkajärjestelyasiassa muutoksenhaun hävinnyt velkoja velvollinen korvaamaan velalliselle muutoksenhakemukseen vastaamisesta aiheutuneet oikeudenkäyntikulut.
VJL 62 § 1 mom (57/93)