상법상 교부금합병과 삼각합병의 개선방안 연구

2011 revised commercial law has maximized synergy effect of company operation and introduced new systems for efficient restructuring such as cash-out merger, triangle merger. Due to this, choices of companies to expel minor shareholders is diversifying and the possibility of minor shareholders' rights and interests to be violated has increased. Therefore company reorganization systems introduced in the revised commercial law is looked into in this study as it is comparatively reviewed with foreign legislation cases and considers about what should be improved in the aspect of protecting minor shareholders to propose alternatives. It is allowed for money or asset to be given as merging price in case cash-out merger is merger of corporations which has the disadvantage that companies can use merging to expel minor shareholders or use it as a tool of delisting. Triangle merger is issuing the shares of a parent company to the affiliated company which gain actual merging effect of the parent and affiliated company, but shareholders of the parent company cannot exercise any rights on this. To solve these problems and protect minor shareholders, this paper proposed a lot of issue which it should be revised. In brief, for beforehand relief system, the system must be supplemented so company reorganization system can be fairly conducted for minor shareholders to be protected. Also, it is necessary to guarantee minor shareholders to claim compensation for damages from unlawful company reorganization.