18 National Report for Sweden

• Main Authors: Annina H, Persson, Marie, Karlsson-Tuula
• Format: Book
• Language: unknown
• Published: Oxford University Press 2016
• Subjects: Iceland
• Online Access: http://dx.doi.org/10.1093/law/9780198727293.003.0018

This chapter discusses the law on creditor claims in Sweden. The ranking of claims in bankruptcy and distraint in Sweden is regulated by the Priority Rights Act 1970 (PRA). The PRA was drawn up in cooperation with all other Nordic countries, except Iceland. The primary aim of the PRA is to regulate the order in which claims shall be paid during distraint and in bankruptcy. It does not include any provisions regarding priority between different rights of use or between acquisitions of property, or regarding the relationship between claims and rights. Instead, these provisions can be found in other pieces of legislation. The remainder of the chapter deals with insolvency claims, administration claims, and non-enforceable claims in turn. Each section covers the definition and scope of the claim; rules for submission, verification, and satisfaction or admission of claims; ranking of claims; and voting and other participation rights in insolvency proceedings.