BS-1551/2004-OLR · Court dismissed pledge of loan against family member debt violating partnership law and insolvency law. (Østre Landsret)

Legislator summary

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The court dismissed the claim regarding a pledge of loan issued to satisfy a debt owed by a family member to the issuing company's management and shareholder. The plaintiff argued the disposition violated the partnership company act and insolvency law, while the defendant maintained the transaction was valid. The court ruled that the specific circumstances did not constitute a violation of the cited statutes, thereby upholding the disposition's legality.

Legislator headnote

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Anpartsselskabsloven; Konkursloven: A pledge of loan issued to satisfy a debt owed by a family member to the issuing company's management and shareholder does not violate the partnership company act or insolvency law if the transaction meets statutory requirements.

Keywords

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pledge of loan family member debt partnership company act insolvency law violation shareholder liability disposition validity corporate governance

Cited Legislation

AI generated

Anpartsselskabsloven

løsørepantebrev udstedt af selskab med henblik på at indfri en gæld, der påhvilede et familiemedlem til det udstedende selskabs ledelse og anpartshaver, og om denne dispositon var i strid med anpartsselskabsloven og konkursloven

Konkursloven

løsørepantebrev udstedt af selskab med henblik på at indfri en gæld, der påhvilede et familiemedlem til det udstedende selskabs ledelse og anpartshaver, og om denne dispositon var i strid med anpartsselskabsloven og konkursloven

AI generated

BS-399/2006-HJR

Court dismisses claim that loan swap violated partnership law due to family's urgent need to save restaurant from sale.

BS-17249/2018-HJO

Bank claim dismissed as statute of limitations expired three years after debt assumption and mortgage creation in 2013.

BS-1370/2005-OLR

Shareholders not personally liable for company debt absent piercing corporate veil or statutory exceptions.

BS-1540/2019-ARH

Court dismisses bankruptcy quarantine claim against company for lack of legal standing and procedural defects.

BS-2681/2009-OLR

Court upholds dismissal of appeal, ruling payments to bank were voidable under insolvency law due to unfair preference.

Full text

Sag om bl.a. løsørepantebrev udstedt af selskab med henblik på at indfri en gæld, der påhvilede et familiemedlem til det udstedende selskabs ledelse og anpartshaver, og om denne dispositon var i strid med anpartsselskabsloven og konkursloven

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Court dismissed pledge of loan against family member debt violating partnership law and insolvency law.

Legislator summary

Legislator headnote

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Cited Legislation

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