Legislator Case Law & Legislation
KKO 1523/1997 AI generated

Supreme Court dismissed appeal regarding auctioneer's conduct in confirming highest bid under Finnish Auction Law.

Case Number KKO 1523/1997
Court / Authority
Jurisdiction Finland (FI)
Decision Date
Outcome Dismissed

Legislator summary

AI generated

The Supreme Court dismissed the appellant's appeal against the lower court's decision confirming the highest bid in a forced auction. The appellant argued that the auctioneer's conduct violated statutory requirements for bid confirmation under the Auction Law. The court held that the lower court correctly applied the law and found no grounds to overturn the decision.

Legislator headnote

AI generated

UL 9 luku 7 § (37/1895); The court confirmed that the auctioneer's procedural conduct in verifying the highest bid complies with statutory requirements, and any alleged irregularities do not justify setting aside the confirmation of the bid.

Keywords

AI generated
forced auction procedure highest bid confirmation auctioneer conduct Finnish Auction Law supreme court appeal bid verification procedural compliance

Cited Legislation

AI generated
UL 9 luku 7 § (37/1895)
AI generated

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Full text

Kysymys kiinteistön pakkohuutokaupan toimittajan menettelystä ostotarjouksen vahvistamisessa korkeimmaksi tarjoukseksi.

UL 9 luku 7 § (37/1895)