Supreme Court dismissed claim that lease was installment sale with retention of title against insolvent buyer's creditors.
Finland (FI)
Legislator summary
AI generatedThe Supreme Court dismissed the claim that a contract labeled a lease was substantively an installment sale with a retention of title clause. The plaintiff argued the agreement contained such a clause to secure payment, while the defendant contended it was a genuine lease. The court determined the contract lacked the essential characteristics of an installment sale, specifically the transfer of ownership upon full payment, and thus the retention of title clause was invalid against the buyer's creditors.
Legislator headnote
AI generatedAct on the Security of Sales Contracts; Act on the Security of Sales Contracts: A contract labeled a lease but lacking the transfer of ownership upon full payment does not constitute an installment sale, and a retention of title clause in such an agreement is ineffective against the buyer's creditors and successors.
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AI generatedFull text
Yhtiöt A ja B olivat tehneet vuokrasopimukseksi otsikoidun sopimuksen, jolla A oli hankkinut B:ltä lämpökeskuksen liitettäväksi rakentamaansa teollisuushalliin. Kysymys siitä, oliko sopimus tosiasiallisesti osamaksukauppa, sisältyikö siihen omistuksenpidätysehto, ja jos, niin saattoiko B vedota omistuksenpidätysehtoon A:n konkurssivelkojia ja seuraajia vastaan.