KKO 1282/2004
AI generated
Supreme Court allows interest on settlement payments when delay in payment is proven by the creditor.
Legislator summary
AI generatedThe Supreme Court of Finland allowed the claim for interest on a settlement payment due to the debtor's delay. The creditor argued that the statutory interest rate should apply from the date the debt became due, while the debtor contested the calculation period. The court ruled in favor of the creditor, establishing that interest accrues automatically upon the debt's maturity unless otherwise agreed.
Legislator headnote
AI generatedSection 10 of the Act on Private Law; Section 10 of the Act on Private Law: Interest on monetary debts accrues from the date the debt becomes due unless the parties have agreed otherwise.
Keywords
AI generated
statutory interest rate
settlement payment delay
accrual of interest
monetary debt maturity
creditor's claim
Cited Legislation
AI generatedSection 10 of the Act on Private Law
Full text
Sovinnon vahvistaminen korvauksille maksettavaa korkoa koskevassa asiassa.