KKO 472/1997
AI generated
Supreme Court ruled that a payment to a company is capital contribution, not interest payment.
Legislator summary
AI generatedThe Supreme Court determined that a specific payment made to a company constituted a capital contribution rather than an interest payment. The parties disputed the nature of the funds based on the timing and purpose of the transfer. The court concluded that the transaction's substance, not its label, defined it as an increase in the company's share capital.
Legislator headnote
AI generateds. 10 y-laki 1906; s. 10 y-laki 1906: A payment made to a company without a specific interest agreement is legally characterized as a capital contribution based on the substance of the transaction.
Keywords
AI generated
capital contribution
interest payment
company law
payment nature
share capital
financial transaction
substance over form
Cited Legislation
AI generateds. 10 y-laki 1906
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Full text
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