Mr Fredrik Thor

Fredrik Thor

Updates

Insolvency & Restructuring

Supreme Court rules on set-off in bankruptcy
Sweden | 03 August 2012

The Supreme Court recently clarified the interpretation of the rules on set-off in bankruptcy. The case concerned a creditor's right to offset a claim against the bankruptcy estate's claim of payment. The triable issue was whether the settlement agreement was to be considered as a substituted contract, meaning that the bankruptcy estate's claim had occurred after the date of bankruptcy.