회사기회의 법리와 우리나라의 해석론, 입법방안에 대한 제안

In the era of rapid technological innovation, corporations may face exciting corporate opportunities. But corporations may not be prepared to exploit new corporate opportunities that they encounter since its fiduciary might first take such advantage of profitable opportunities. Corporate opportunities doctrine developed in the U.S. may prevent a fiduciary from taking and developing business opportunities even though his business cannot or is not prepared to exploit the opportunities. Although Korea adopted the duty of loyalty clause in Commercial Act, but it's not clear whether corporate opportunity doctrine is admitted or recognized. Futhermore it is even more vague what constitutes an illegal usurpation, or taking, of a corporate opportunity, which violates fiduciary's duty of loyalty. The disordered landscape of corporate opportunity law in Korea suggests that a clear, uniform interpretation of Korean courts should be adopted to afford fiduciaries a semblance of predictability across jurisdictions. Part Ⅱ of this Article briefly discusses the development of the corporate opportunity doctrine, and corporate opportunity tests. Part Ⅲ proposed an interpretation model of current corporate opportunity tests. Line of business test should be retained, but rejected any judicial inquiry into the inherent fairness of fiduciary's conduct. Part Ⅳ of this Article review and analysis the drafted proposal of Commercial Act in Korea.