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회사법 개정안상 사채관리회사의 자격에 관한 연구

Eligibility and Disqualification of Indenture Trustee under Revised Bill of Commercial Code on Corprate Law

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초록

This paper analyzed the contents and rationale of the Presidential Decree on indenture trustee for corporate bond under the Rivised Bill of Commercial Code. The idea proposed by this paper for the eligibility of indenture trustee is that persons other than bank, trust company and financial investment firms under the Financial Investment Services and Capital Market Act(FISCMA) are not qualified to become an indenture trustee. The special interest of indenture trusee with the issuer which prevents him to become one should be designed using the "major shareholder" or "large shareholder" concept under Revised Bill of Commercial Code, Banking Act and FISCMA and 'business group' under Monopoly Regulation and Fair Trade Act.

Abstract

This paper analyzed the contents and rationale of the Presidential Decree on indenture trustee for corporate bond under the Rivised Bill of Commercial Code. The idea proposed by this paper for the eligibility of indenture trustee is that persons other than bank, trust company and financial investment firms under the Financial Investment Services and Capital Market Act(FISCMA) are not qualified to become an indenture trustee. The special interest of indenture trusee with the issuer which prevents him to become one should be designed using the "major shareholder" or "large shareholder" concept under Revised Bill of Commercial Code, Banking Act and FISCMA and 'business group' under Monopoly Regulation and Fair Trade Act.

참고문헌 (14)

  1. 윤영신, "사채권자보호에 관한 연구 - 주주와 사채권자의 이익충돌을 중심으로", 박사, pp.1997
  2. Davies, P., "Gower and Davies' Principles of Modern Company Law" (2003), Sweet & Maxwell
  3. Landau, Robert I., "Corporate Trust Administration and Management" (1998), Columbia University Press
  4. Wood, P. R., "Law and Practice of International Finance" (1995), Sweet & Maxwell
  5. 江頭憲治郞, "株式會社法" (2008), 有斐閣
  6. 上柳克郞, "新版注釋會社法(10)" (1988), 有斐閣
  7. Changyong Rhee, "Designing a Governance Structure for Corporate Bonds in Korea: Empirical Study on Corporate Bond Indentures", Journal of Economic Research, 10(1) (2005)
  8. Campbell, John P., "Implications of the Trust Indenture Reform Act of 1990", Annual Review of Banking Law, 11, pp.181~ (1992)
  9. Campbell, John P., "Put a Bullet in the Poor Beast, His Leg is Broken and His Use is Past. Conflict of Interest in the Dual Role of Lender and Corporate Indenture Trustee; a Proposal to End It in the Public Interest", Business Lawyer, 32, pp.1705~ (1977)
  10. Friedman, Howard M., "Updating the Trust Indenture Act", University of Michigan Journal of Law Reform, 7, pp.329~ (1974)
  11. Johnson. Henry F., "The 'Forgotton' Securities Statute: Problems in the Trust Indenture Act", The University of Toledo Law Review, 13, pp.92~ (1981)
  12. Smith, Richard B., "The Trust Indenture Act of 1939 Needs No Conflict of Interest Revision", Bus. Law, 35, pp.161~ (1979)
  13. Stark, Richard A., "The Trust Indenture Act of 1939 in the Proposed Federal Securities Code", Vanderbilt Law Review, 32, pp.527~ (1979)
  14. "S.REP.NO.282, 101st Cong.,1st Sess", ~ (1989)

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