損害賠償의 範圍 중 責任制限의 原理 -대법원 2007.10.25. 선고 2006다16758 판결과 관련하여-
A Study on the Limitation of Liability
0
조회
0
다운로드
15
인용
0
참고문헌
키워드
초록
A plaintiff has a great concern not only on whether he/she can deserve to win compensatory claims but on how much he/she collects through the action. The latter issue has not been drawn any attraction by scholars despite of its practical importance. Case laws have evolved on the area. Among torts cases, the comparative negligence rule was firstly recognized because it is articulated in the article 396 of Korean Civil Code. But, there are several considerations except for the plaintiff's negligence which courts should take into account to calculate actual damage. Since several years ago, the Korean Supreme Court stated to accept some considerations to limit liability except for comparative negligence. In 2007, it rendered two very crucial judgments concerning to the issue on the former Securities and Exchange Act. This paper is dedicated to the analysis on one of these two cases to reveal the importance of the case. After a sincere analysis, the ruling is said to be a good news and bad news. For a good news, it established a new way of limiting the amount of liability in addition to comparative negligence which is derived from the statute. The Korean Supreme Court didn't recognize a proportional causation because of a great burden of administering costs. However, damage is composed of an actual harm inflicted by the illegal act and a previously existing defect which the defendant is not liable for. When a proportional causation is not recognized, a supplementary rule is required to differentiate the actual harm from the previously existing defect. It was the limitation of liability that the Korean Supreme Court tried to develop to resolve this issue since 10 years ago. The case analyzed in this paper is evaluated to be of a great importance in that the Korean Supreme Court explicitly declared to establish a new consideration to limit liability without any statutory authority. For a bad news, it made the benefit of an article of the Korean Securities and Exchange Act weak. The article was introduced to give an incentive to the plaintiff,investors of securities, to file lawsuits against directors/officers and their accountants who reviewed financial reports.
Abstract
A plaintiff has a great concern not only on whether he/she can deserve to win compensatory claims but on how much he/she collects through the action. The latter issue has not been drawn any attraction by scholars despite of its practical importance. Case laws have evolved on the area. Among torts cases, the comparative negligence rule was firstly recognized because it is articulated in the article 396 of Korean Civil Code. But, there are several considerations except for the plaintiff's negligence which courts should take into account to calculate actual damage. Since several years ago, the Korean Supreme Court stated to accept some considerations to limit liability except for comparative negligence. In 2007, it rendered two very crucial judgments concerning to the issue on the former Securities and Exchange Act. This paper is dedicated to the analysis on one of these two cases to reveal the importance of the case. After a sincere analysis, the ruling is said to be a good news and bad news. For a good news, it established a new way of limiting the amount of liability in addition to comparative negligence which is derived from the statute. The Korean Supreme Court didn't recognize a proportional causation because of a great burden of administering costs. However, damage is composed of an actual harm inflicted by the illegal act and a previously existing defect which the defendant is not liable for. When a proportional causation is not recognized, a supplementary rule is required to differentiate the actual harm from the previously existing defect. It was the limitation of liability that the Korean Supreme Court tried to develop to resolve this issue since 10 years ago. The case analyzed in this paper is evaluated to be of a great importance in that the Korean Supreme Court explicitly declared to establish a new consideration to limit liability without any statutory authority. For a bad news, it made the benefit of an article of the Korean Securities and Exchange Act weak. The article was introduced to give an incentive to the plaintiff,investors of securities, to file lawsuits against directors/officers and their accountants who reviewed financial reports.
참고문헌 (9)
- 김건식, "증권거래법" (2002), 두성사
- 김건식, "미국의 증권규제" (2001), 홍문사
- 김정수, "현대증권법원론" (2002), 박영사
- 임재연, "증권거래법" (2002), 박영사
- 김병연, "미국 판례법상 시장사기이론(The fraund on-the-market theory)과 증권거래법상 損害賠償責任에 있어서 因果關係의 문제", 비교사법, 11(1), pp.277~306 (2004), 한국비교사법학회
- J.Robert Brown, JR., "The Regulation of Corporate Disclosure, 3rd ed.", ~ (1999)
- John C. Coffee, Jr., "Securities Regulation: Cases and Materials, 9th ed.", ~ (2003)
- Ronald J. Gilson, "The Law and Finance of Corporate Acquisitions", ~ (1986)
- L. Loss, "Securities Regulation, 3rd ed.", ~ (1992)
