Supreme Court dismissed appeal against conviction for preferential treatment of creditors and order for damages.
Sintesi Legislator
Generato dall'IAThe Supreme Court dismissed the appeal against the lower court's conviction for preferential treatment of creditors and the order for damages. The appellant, A, sold company X's changeable assets to company Y to cover X's bank debts, an act the lower court deemed illegal. The court upheld the conviction because the transaction violated the principle of equal treatment among creditors by prioritizing one bank's claim over others.
Regesto Legislator
Generato dall'IASection 10 of the Companies Act; Section 1 of the Criminal Code: A transaction where a company sells assets to a third party to satisfy a specific creditor's debt constitutes preferential treatment of creditors if it harms other creditors' rights, warranting criminal conviction and civil liability.
Parole chiave
Generato dall'IADisposizioni normative citate
Generato dall'IADecisioni correlate
Generato dall'IATesto completo
A oli myynyt yhtiönsä X vaihto-omaisuuden toiselle yhtiölleen Y siten, että Y otti vastatakseen X:n veloista pankille. A tuomittiin rangaistukseen velkojansuosinnasta ja velvoitettiin suorittamaan vahingonkorvausta yhtiön X velkojille.