Legislator Case Law & Legislation
KKO 1282/2004 AI generated

Supreme Court allows interest on settlement payments when delay in payment is proven by the creditor.

Case Number KKO 1282/2004
Court / Authority
Jurisdiction Finland (FI)
Decision Date
Outcome Allowed / Granted

Legislator summary

AI generated

The 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 generated

Section 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 generated
Section 10 of the Act on Private Law

Need to analyze how this precedent applies to your matter?

Cross-reference this judgment against statutes, commentaries, and subsequent citing case law inside Legislator AI.

Open in Legislator →

Full text

Sovinnon vahvistaminen korvauksille maksettavaa korkoa koskevassa asiassa.