Some parts of the Debtor Rehabilitation and Bankruptcy and Act of 2004 are derived from the Bankruptcy Code of 1978, such as the transition from the court appointed 3rd party system into a quasi debtor in possession system, introduction of the priority of DIP financing, establishment of a creditors committee and provision of the best interests of creditors rule in rehabilitation proceedings. The practice of the bankruptcy court also set up the appointment of a receiver from the incumbent directors of the debtor corporation, began to employ a stalking horse system widely used in Section 3653 US Bankruptcy Code sales, and tried to implement court-to-court judicial cooperation in solving cross-border bankruptcy issues, which was used in the Hanjin Shipping concurrent bankruptcy proceedings in Korea and the US. In the US, shareholders may not file a petition for bankruptcy of the company while they may do so in Korea. It is noteworthy that, in the US, involuntary petitions by creditors trigger automatic stay. Foreign creditors who have received repayment from the debtor prior to the filing of the bankruptcy petition must pay attention to the exercise of personal jurisdiction of the US bankruptcy court. Creditors committees in the US consist of only unsecured creditors while secured creditors can be members of the creditors committee in Korea. The joint administration is widely used in Mega case such as Sun Edison and Seadrill.
목차
국문초록 I. 머리말 II. 미국의 기업회생제도 III.미국 재건절차의 최근 동향 VI. 맺음말 Abstract
한국채무자회생법학회 [The Korean Association of Rehabilitation Bankruptcy Law]
설립연도
2008
분야
사회과학>법학
소개
본회는 금융채무불이행자가 건전한 시민으로 거듭날 수 있는 구제방안을 마련함으로써 건전한 사회발전에 이바지하고, 도산상태에 처한 채무자에 대하여 취하는 회생 및 파산, 청산 등과 관련한 법률 및 제도에 관한 학술적 연구 및 실무적 조사 등을 통하여 관련 법률과 제도의 개선 및 효율적인 집행과 국내외 관련 대학교, 연구소 및 연구단체와의 상호교류 및 협력을 위하여 노력하고, 국가의 경제발전 및 법문화 창달에 기여함을 목적으로 한다.
간행물
간행물명
회생법학 [Korean Law Review for Rehabilitation and Bankruptcy]