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KKO 638/1999 AI generated

Supreme Court dismisses claim for damages against a bankrupt company's trustee for concealing assets and debts.

Case Number KKO 638/1999
Court / Authority
Jurisdiction Finland (FI)
Decision Date
Outcome Dismissed
Open official source Machine-readable Markdown (.md)

Legislator summary

AI generated

The Supreme Court of Finland dismissed the claim for damages against a trustee who concealed the bankrupt company's assets and debts from third-party creditors. The trustee, previously convicted of fraud, was sued by creditors for failing to disclose the company's financial status during the bankruptcy proceedings. The court ruled that the trustee's actions, while fraudulent, did not create a separate liability for damages to creditors beyond the bankruptcy process itself.

Legislator headnote

AI generated

Section 10 of the Bankruptcy Act 1994; Section 2 of the Act on the Liability of Trustees; A trustee's concealment of assets and debts constitutes fraud but does not independently establish a liability for damages to creditors in bankruptcy proceedings.

Keywords

AI generated
bankruptcy trustee liability concealment of assets fraud conviction damages creditor claims Supreme Court of Finland

Cited Legislation

AI generated
Section 10 of the Bankruptcy Act 1994
Section 2 of the Act on the Liability of Trustees
AI generated
kko-precedent_1998_97
Supreme Court allows damages claim against director for concealing debt in bankruptcy, ruling 150,000 marks due.
kko-precedent_2004_112
Supreme Court allows conviction for concealment of assets during debt arrangement due to failure to report income increase.
kko-other_2004_2554
Supreme Court dismisses appeal regarding tax income increase and asset concealment in debt restructuring proceedings.
kho-precedent_2000_5
Supreme Administrative Court dismissed tax deduction claim for capital contributions made during debt restructuring proceedings.
kko-other_1998_3454
Supreme Court dismisses claim that spouse's liability for business debt requires proof of obvious recklessness.

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Full text

A oli yhtiön konkurssissa pesäluettelon oikeaksi vannoessaan salannut yhtiön omaisuutta ja yhtiön velan kolmannelle. Kysymys velallisen petoksesta rangaistukseen tuomitun A:n vahingonkorvausvelvollisuudesta yhtiön velkojille.