Release
AYY
For release on 6 Feb 2014
The judicial process of the property dispute between Aalto University Student Union (AYY) and KY Foundation will begin at Helsinki District Court on Monday, 10 Feb 2014.
The property dispute began in 2010 when the Student Unions of the Helsinki School of Economics, Helsinki University of Technology and the University of Art and Design Helsinki merged into Aalto University Student Union. In connection with the merger, it became clear that the Student Union of the Helsinki School of Economics had transferred over 42 million euro of its property out of reach of the new student union to KY Foundation, which had been established through an intermediary.
AYY’s evidence shows that the property transfer had been planned secretly from the members of the Student Union of the Helsinki School of Economics already for years before the merger of the student unions.
”It is unfortunate that the issue will have to be resolved in the courtroom. However, there is too much confusion on the property transfer for us to leave it unresolved, says President of AYY Board Lauri Lehtoruusu.
AYY hopes that the property dispute could finally be clarified in the district court and the donated funds would be returned to the use of the present and future members of the Student Union.
Further information:
President of AYY Board Lauri Lehtoruusu, lauri.lehtoruusu@ayy.fi, 050 520 9420
Secretary General Janne Koskenniemi, janne.koskenniemi@ayy.fi, 050 520 9415