TAILIEUCHUNG - Journal of Korean Law Vol. 7, No. 2, June 2008

The unified procedure reduces the ex ante costs of choosing one procedure over the other as well as the ex post costs of shifting from one procedure to the other in case wrong procedure was chosen. The reform also introduced a number of new systems into the rehabilitation proceeding, such as comprehensive stay order, absentee voting, etc. Moreover, basic ideas of debtor-in-possession (“DIP”) are incorporated into the receiver system, and secured and unsecured creditors are guaranteed the liquidation value of their collateral and the corporate value. Those modifications are intended to improve the ex ante efficiency of rehabilitation proceeding by giving the debtor an incentive to file for rehabilitation. | Journal of Korean Law Vol. 7 No. 2 June 2008 Law Research Institute BK 21 Law Seoul National University INFORMATION ABOUT THE JOURNAL OF KOREAN LAW The Journal of Korean Law is co-published twice annually in June and December by Law Research Institute and BK 21 Law of Seoul National University. Please address all correspondence to Journal of Korean Law BK LAW 21 College of Law Seoul National University 599 Gwanak-ro Gwanak-gu Seoul 151-743 Korea Phone 82- 0 2-880-6867 FAX 82- o 2-876-2160 E-mail jkl@ Homepage http Subscriptions. Annual subscriptions to the Journal of Korean Law are available for w40 000 for domestic subscribers and US for foreign subscribers. Price includes surface shipping costs and is subject to change without notice. Subscriptions are automatically renewed unless notification to the contrary is received. Prepayment is required. Please send payment to the address above. Checks should be made payable to BK 21 Law. Copies of the Journal of Korean Law may also be purchased or subscribed for from the following Kyobo Book Centre William S. Hein Co. Inc. 1-1 Jongno Jongno-gu 1285 Main Street Seoul 110-714 Buffalo NY 14209-1987 Korea . homepage http homepage http Manuscripts. The Journal of Korean Law invites the submission of unsolicited manuscripts. Please address manuscripts to the Editor-in-Chief Journal of Korean Law. Unsolicited manuscripts will be subject to review by referees. Articles of less than 10 000 words are preferred. We regret that manuscripts cannot be returned. Copyright. Authors of accepted manuscripts must transfer copyright to Seoul National University the Journal of Korean Law . Opinions expressed are those of the contributor and do not represent the views of the Journal of Korean Law its editors or Seoul National University. Postmaster. Please send address changes to the Journal of Korean Law College of Law Seoul National University 599 Gwanak-ro Gwanak-gu .

• Luật học
• Insolvency Proceedings
• Korean Bankruptcy
• Korean Insolvency
• the United States
• Secured Creditors
• Credit Counseling
• Hotchpot Rule
• Comparative Status
• Rehabilitation Proceeding