In order to be entitled to a disbursement, a creditor must lodge a claim by sending a written statement to the estate administrator. Both the Finnish Bankruptcy Act as well as the Council Regulation (EC) on insolvency proceedings comprises provisions in respect of fulfilling the creditor’s obligation to carry out the lodgement of a claim and the content of the letter of lodgement. The provisions are not entirely equivalent which has become apparent in recent case law.
Partner Juho Lenni-Taattola and associate Matias Leskinen from Hammarström Puhakka Partners, Attorneys Ltd, have written an update on this matter. The update titled “Creditor’s lodgement of claim in bankruptcy” has been published in the International Law Office’s newsletter.
