Supreme Court allows debt restructuring to include asset transfer gains under specific VJL conditions.
Legislator summary
AI generatedThe Supreme Court ruled that gains from asset transfers must be included in debt restructuring proceedings if specific statutory conditions are met. The applicant argued for inclusion based on the nature of the transfer, while the opposing party contended otherwise. The court decided in favor of inclusion because the transaction fell squarely within the scope of the relevant section of the Debt Restructuring Act.
Legislator headnote
AI generatedVJL 3 § 1 mom 3 kohta; Gains from asset transfers are subject to debt restructuring proceedings when the transfer constitutes a disposal of assets intended to satisfy creditors under the specific statutory criteria.
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Kysymys omaisuuden luovutusvoittoon perustuvan veron kuulumisesta velkajärjestelyn piiriin.
Ks. KKO:1997:206
VJL 3 § 1 mom 3 kohta