외국도산절차의 대내적 효력에 관한 비교 고찰

In Korea, from 2006, the new era of bankruptcy law governing international insolvency began. The previous three bankruptcy laws -Bankruptcy Act, Composition Act, and Corporate Reorganization Act -have been merged into, and were replaced by, the Debtor Rehabilitation and Bankruptcy Act of Korea. One of the most important changes on the Act (DRBAK) is the introduction of “universalism” of an international insolvency part. Although Korea established new universalism system with respect to international insolvency problems, the research and the study of effects and values of new system is still necessary. Under the DRBAK, in cases where the debtor has his/her place of business, his/her office or his/her domicile in a nation in which an application is filed for foreign bankruptcy procedures, the representative of such foreign bankruptcy procedures may file an application accompanied by a written statements falling under each of the Article 631 (1) with the court for approving the foreign bankruptcy procedures. Upon receiving an application filed for approving foreign bankruptcy procedures, the court shall decide whether to approve them on which such application is filed. In cases falling under any of the following, the court shall dismiss an application filed for approving foreign bankruptcy procedures: ① Where expenses determined by the court are not prepaid; ② Where each written statement provided for in each subparagraphs of Article 631 (1) is not submitted or the establishment and contents of any such written statement is not bona fide; and ③ Where approving the foreign bankruptcy procedures is contrary to the good public morals and social order of the Republic of Korea. The court may make a decision falling under any of the Article 636 (1) in order to protect the debtor s business and assets or the creditors profits at the time that it approves the foreign bankruptcy procedures or after approving the foreign bankruptcy procedures by its inherent jurisdiction or upon receiving an application filed by interested persons. This Paper introduces international insolvency law regime, especially foreign cases with domestic aspects under the Korean Act, DRBAK, in detail. Secondly, by comparing U.S. Bankruptcy Code Chapter 15 and Japanese Law of Recognition and Assistance for Foreign Insolvency Proceedings under Korean legal system, the Paper proposes that international suitability and global fitness in international insolvency regime in Korea.