The Korean Trust Act has been in force for more than 40 years in its original form. Its model is the Japanese Trust Act, which was made based on the Anglo-American trust law in the 19th centuries. To explore the direction of the revision of the trust law in Korea, this paper introduces the development of trust legislation and institution in Japan. In Japan, the Trust Act and the Trust Business Act were established in 1922. The first revision of the Acts were made in 82 years. In 2004 and 2006 Japan made several fundamental changes within the Trust Business Act and the Trust Act in an effort to respond to a changing business environment and thus, the amendments to the Act give more flexibility to trusts businesses. The main features of the amendments are as follows: Firstly, the restrictive scope of entrustable assets is lifted, and any and all property rights are included as assets for entrustment to the trustee. Secondly, the duty of care, which is one of the basic duties of the trustee, should be a default rule. And we need to formulate a provision about the duty of loyalty. Thirdly, detailed regulations and guidance with respect to the duties and liabilities of trustees are provided. Fourthly, the door to the business of selling beneficial interests of trusts is widely opened. Finally, foreign corporations can be engaged in trust business. The Japanese amendments draws admirable attention from Korean legal scholars in the following contexts. Under the Trust Business Act of Japan, as trusts become more flexible instrument to accommodate a variety of purposes, they will be used with even greater frequency compared to other types of structured finance vehicles. The Act is survived in a very rapidly changing financial environment. The introduction of the business of selling beneficial interests of trusts into Japan will promote the liquidity of the beneficial interests and thus the interests will be a good object of investment.
목차
I. 서론 II. 신탁제도의 도입과 신탁법제의 발달 III. 2004년 개정 신탁업법의 성립 IV. 2006년 신신탁법의 제정 및 신탁업법의 개정 V. 결론 참고문헌 ABSTRACT
키워드
일본신탁법한국신탁법개정신탁업법주의의무충실의무임의규정Japanese Trust Actthe Revision of the Trust law in Koreathe Trust Business Actthe Duty of CareDuty of LoyaltyDefault Rule
전북대학교 동북아법연구소 [Institute for North-East Asian Law]
설립연도
2007
분야
사회과학>법학
소개
전북대학교 동북아법연구소는 동북아법에 관한 국내외의 이론과 실제를 연구하고 교육하며, 그 결과를 발표하여 동북아법에 대한 이해의 증진과 동북아의 법률문화발전에 기여하기 위한 목적으로 2006년 7월 설립되었다.
서해안시대의 중심지역을 표방한 전라북도의 지리적 여건과 동북아시아의 여러 국가와의 인적 물적 교류가 확대되면서 그에 따른 여러 가지 법률문제가 발생됨에 따라 동북아시아의 지역적 특성을 고려한 법제도의 연구와 이들 국가와 거래하는 전북지역 자치단체와 기업에 대한 실질적 교육의 필요성이 대두되었다.
이러한 요청에 따라 법제도의 연구와 교육을 담당할 기관으로 전북지역 거점국립대학인 전북대학교가 동북아법연구소를 설립하게 되었고 전북 지방자치단체와 기업에 대한 교육과 자문프로그램을 운영하고 있다.