Legislator Case Law & Legislation
KKO 1736/1998 AI generated

Supreme Court allows debt restructuring to include asset transfer gains under specific VJL conditions.

Case Number KKO 1736/1998
Court / Authority
Jurisdiction Finland (FI)
Decision Date
Outcome Allowed / Granted

Legislator summary

AI generated

The 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 generated

VJL 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.

Keywords

AI generated
debt restructuring proceedings asset transfer gains tax inclusion scope VJL statutory provision creditor satisfaction disposal of assets supreme court ruling

Cited Legislation

AI generated
VJL 3 § 1 mom 3 kohta

Cited Case Law

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Full text

Kysymys omaisuuden luovutusvoittoon perustuvan veron kuulumisesta velkajärjestelyn piiriin.

Ks. KKO:1997:206

VJL 3 § 1 mom 3 kohta