Bankruptcy Clawback

Jarkko Ruohola

Reference

February 12, 2026

Edelle represented the CEO and the Chair of the Board of a company that had been declared bankrupt. The bankruptcy estate sought to recover salaries/fees that had been paid to them. The matters involved, among other things, the capital classification of hybrid loans and the factors to be considered in the clawback assessment.

The District Court dismissed both claims brought by the bankruptcy estate and ordered the estate to fully reimburse our clients’ legal costs. The judgments of the District Court became final and binding.