기업결합전 제기된 대표소송의 기업결합 후 계속 여부 - 일본의 흥업․대화은행 사건 사례를 중심으로 -
The Problem on the Continuous Possibility after the corporate combined on the Derivative action instituted before the corporate combined
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Essentially, the action about the director's damage compensation liability for corporate is the corporate's right and the representative of the corporate ought to institute the action, But in case of the director's liability action, owing to the special relations such as the good feelings and consciousness of co-workers etc., among directors elected by the majority shareholders, the representative is not likely to press the related director to take responsibility for his errors. Eventually, the effect of non-fulfillment of the action resulted in the trespass on the interests of corporate and shareholders. Therefore, we will protect on the shareholder's right as making a rule on the derivative action at the corporate law. What's the derivative action? So to speak, a derivative action is the lawsuit brought by a corporation shareholder against the directors, management and/or other shareholders of the corporation, for a failure by management. In effect, the suing shareholder claims to be acting on behalf of the corporation, because the directors and management are failing to exercise their authority for the benefit of the company and all of its shareholders. This type of suit often arises when there is fraud, mismanagement, self-dealing and/or dishonesty which are being ignored by officers and the board of directors of a corporation. But the derivative action also have the problems about the combined corporate. For example, if combined the two corporate after the derivative action instituted, can the action instituted before the corporate combine proceed on? About this problem, it is questionable whether it is possible or not. Recently, the related case appears in the japan and our country. Therefore, I will study on the continuous possibility after a corporate combined on the derivative action instituted before a corporate combined by means of the two cases of japan, for instance, The Industrial Bank of Japan, Limited case and The Daiwa Bank, Limited. case.
Abstract
Essentially, the action about the director's damage compensation liability for corporate is the corporate's right and the representative of the corporate ought to institute the action, But in case of the director's liability action, owing to the special relations such as the good feelings and consciousness of co-workers etc., among directors elected by the majority shareholders, the representative is not likely to press the related director to take responsibility for his errors. Eventually, the effect of non-fulfillment of the action resulted in the trespass on the interests of corporate and shareholders. Therefore, we will protect on the shareholder's right as making a rule on the derivative action at the corporate law. What's the derivative action? So to speak, a derivative action is the lawsuit brought by a corporation shareholder against the directors, management and/or other shareholders of the corporation, for a failure by management. In effect, the suing shareholder claims to be acting on behalf of the corporation, because the directors and management are failing to exercise their authority for the benefit of the company and all of its shareholders. This type of suit often arises when there is fraud, mismanagement, self-dealing and/or dishonesty which are being ignored by officers and the board of directors of a corporation. But the derivative action also have the problems about the combined corporate. For example, if combined the two corporate after the derivative action instituted, can the action instituted before the corporate combine proceed on? About this problem, it is questionable whether it is possible or not. Recently, the related case appears in the japan and our country. Therefore, I will study on the continuous possibility after a corporate combined on the derivative action instituted before a corporate combined by means of the two cases of japan, for instance, The Industrial Bank of Japan, Limited case and The Daiwa Bank, Limited. case.
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