Legislator Case Law & Legislation
KKO 1302/1997 AI generated

Creditor in debt restructuring must pay client's legal costs for opposing debt restructuring application.

Case Number KKO 1302/1997
Court / Authority
Jurisdiction Finland (FI)
Decision Date
Outcome Allowed / Granted

Legislator summary

AI generated

The 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 generated

VJL 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 generated
debt restructuring legal costs creditor liability objection procedure client expenses Supreme Court procedural costs

Cited Legislation

AI generated
VJL 62 § 1 mom
AI generated

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Full text

Kysymys siitä, oliko velkajärjestelyasiassa muutoksenhaun hävinnyt velkoja velvollinen korvaamaan velalliselle muutoksenhakemukseen vastaamisesta aiheutuneet oikeudenkäyntikulut.

VJL 62 § 1 mom (57/93)