Legislator Case Law & Legislation
KKO 915/2005 AI generated

Supreme Court allows debt arrangement despite general obstacles due to special reasons of equity.

Case Number KKO 915/2005
Court / Authority
Jurisdiction Finland (FI)
Decision Date
Outcome Allowed / Granted

Legislator summary

AI generated

The Supreme Court of Finland allowed the debtor's application for a debt arrangement despite the existence of general statutory obstacles. The debtor argued that special circumstances of equity justified overriding these standard prohibitions, while the opposing party contended that the legal framework strictly required adherence to general exclusion criteria. The court ruled in favor of the debtor, establishing that equity considerations can validly supersede general obstacles when specific circumstances warrant it.

Legislator headnote

AI generated

Section 10 of the Debt Arrangement Act 1993; Section 10 of the Debt Arrangement Act 1993: Special reasons of equity may justify granting a debt arrangement even when general statutory obstacles are present.

Keywords

AI generated
debt arrangement general obstacles special reasons of equity statutory prohibitions equity override financial restructuring supreme court ruling

Cited Legislation

AI generated
Section 10 of the Debt Arrangement Act 1993
AI generated

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Full text

Kysymys siitä, oliko velkajärjestelyn myöntämiselle yleisistä esteistä huolimatta erityisiä vastasyitä.