• 제목/요약/키워드: Limited Liability

검색결과 63건 처리시간 0.021초

Effects of Stockholders' Secondary Tax Liability on Corporate Investment

  • JANGWOOK LEE
    • KDI Journal of Economic Policy
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    • 제46권2호
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    • pp.1-20
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    • 2024
  • This study analyzes the impact of secondary tax liability borne by stockholders, an exception to the principle of limited liability, on corporate investment. The paper constructs a model of a firm to examine the effect of this secondary tax liability, finding that the violation of limited liability increases firms' expected bankruptcy costs, thereby reducing investments. By means of an empirical analysis, the paper examines whether firms with the largest shareholder stake exceeding 50%, the condition under which secondary tax liability is incurred, decrease their investments. The results show that firm investment is highly concentrated in observations of cases in which the largest shareholder stake does not exceed 50%. Investments decrease sharply in cases where the largest shareholder stake exceeds 50%. The results here provide implications pertaining to how exceptions of the limited liability principle, existing only in Korea, affect corporate investments.

로테르담규칙상 항만터미널운영자에 관한 연구 - 히말라야조항의 적용과 관련하여 - (A Study on Port Terminal Operator's Liability under Rotterdam Rules)

  • 송수련;민주희
    • 무역상무연구
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    • 제58권
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    • pp.127-148
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    • 2013
  • The Rotterdam Rules provide that port terminal operator may avoid or limit their liability for cargo loss, damage or delay in delivery or breach of any other obligation under the Rules by invoking the provisions that may provide a defence for, or limit the liability of, the carrier. Consequently the port terminal operator who are involved in the provision of maritime services may avoid or limit their liability for cargo loss, damage or delay in delivery or breach of any other obligation under the Rules. The port terminal operator to be applied for the Himalaya clause under the Rules must show that it has the requisite link with a Contracting State. In addition, the port terminal operator performs service to the period of time between the arrival of the goods at the port of loading and their departure from the port of discharge. The port terminal operator's liability for breaches of its obligation is limited to 875 SDR per package or other shipping units, or 3 SDR per kilogram of the gross weight of the goods. In addition, compensation for delay shall be limited to an amount equivalent to two and one-half times the fright payable on the goods delayed.

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신와르소체제하의 국제항공화물운송인의 손해배상책임 (The Liability of Air Carrier in Relation to the International Carriage of Cargo by Air under New Warsaw System)

  • 이강빈
    • 무역상무연구
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    • 제20권
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    • pp.213-239
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    • 2003
  • This paper intends to describe the liability regime of the air carrier under the Montreal Convention of 1999 for the international cargo, comparing to those of the existing Warsaw Convention system. Also this paper deals with main issues of the Montreal Convention which are relevant for the carrier's liability in the carriage by air of cargo. The Warsaw Convention was adopted in 1929 and modified successively in 1955, 1961, 1971, 1975, and 1999. The Montreal Convention of 1999 modernized and consolidated the Warsaw Convention and related instruments. International air carrier is liable by application of principle of strict liability as stated in the Montreal Convention : The carrier is liable for the destruction or loss of, or damage to cargo and delay during the carriage by air, and the carrier's liability is limited to a sum of 17 Special Drawing Rights per kilogramme. However, the Montreal Convention has main outstanding issues with respect to the liability of the air carrier : potential conflicts between the Montreal Convention and the Warsaw Convention, the amounts of limits of the carrier's liability, the duration of the carrier's liability, the exessive litigation, and the aviation insurance. Therefore, the conditions and limits of the carrier's liability under the Montreal Convention should be readjusted and regulated in detail.

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여객 및 수하물의 연착으로 인한 항공운송인의 손해배상책임제도에 관한 연구 (A Study on the Legislative System of Air Carrier's Liability in case of Delay of Passengers or Baggage)

  • 김지훈
    • 항공우주정책ㆍ법학회지
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    • 제27권2호
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    • pp.107-142
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    • 2012
  • 현대 사회에서 항공기는 중요한 운송수단으로 자리매김 하였고 항공 여객운송에 있어서 항공기 연착 손해로 인한 분쟁은 항공운송 관련 분쟁 중 가장 많이 발생하는 일이다. 항공운송에 관한 국제조약이 적용되지 못하는 국내운송 등과 같은 영역을 규율하기 위하여 2011년 상법 항공운송편이 제정 발효되었고 여기에 여객 및 수하물의 연착으로 인한 항공운송인의 손해배상책임제도도 마련되었다. 몇 개 안되는 조문이지만 항공운송 중 가장 빈번히 일어나는 항공기 연착으로 인한 손해배상 문제를 규율하기 때문에 그 중요성은 매우 크다고 할 수 있다. 기존의 바르샤바협약 체제의 문제점을 개선한 1999년 몬트리올협약의 관련 내용을 대부분 수용하여 제정된 우리 상법 항공운송편 규정들은 널리 통용되고 있는 국제적 기준에 부합한다는 장점은 있지만, 1999년 몬트리올협약의 문제점들을 거의 그대로 지니고 있다는 단점이 있다. 상법 항공운송편상 여객 및 수하물의 연착 손해로 인한 배상책임제도 관련 규정들의 문제점 및 개선방안은 다음과 같다. 첫째, 연착으로 인한 항공운송인의 손해배상책임이 성립되기 위한 '연착'의 개념 정의가 없으므로 '연착'에 관한 정의 규정을 두는 것을 생각해 볼 필요가 있다. 둘째, 여객에 대한 연착 손해 발생 시 국내운송의 경우 국제운송의 1/8 수준으로 항공운송인의 배상책임한도액을 차등하여 규정한 것은 항공사보호에 별로 도움이 되지 않는 반면 소비자 피해의 구제 측면에서는 바람직하지 않으므로 국내운송의 여객 연착 손해 관련 배상책임한도액을 국제운송의 1/4~1/2 수준으로 상향 조정하는 것이 바람직하다고 본다. 셋째, 수하물의 멸실 훼손의 경우와 연착의 경우를 구분 없이 수하물의 손해로 인한 항공운송인의 배상책임한도액을 모두 동일하게 규정하고 있는 것은 일반적으로 손해의 정도가 다른 대상들을 구분하지 않았기 때문에 문제가 있다고 생각되며, 수하물의 멸실 훼손의 경우와 연착의 경우를 구분하여 별도로 배상책임한도액을 규정하는 것이 바람직하다고 생각된다. 위에서 언급된 상법 항공운송편의 여객 및 수하물의 연착 손해 관련 배상책임 규정의 문제점 등을 비롯한 동 법률의 개선요구들에 대한 많은 연구와 논의를 통해 오랜 노력과 기다림 끝에 제정된 국내 항공운송법제를 더욱 발전시켜 나가야 할 것이다.

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로테르담 규칙상의 운송인의 책임 (The Liability and Limitation of Liability Regime in the Rotterdam Rules)

  • 이시환
    • 무역상무연구
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    • 제42권
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    • pp.189-210
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    • 2009
  • The United Nations General Assembly adopted the United Nations Convention on Contracts for the International Carriage of Goods Wholly or Partly by Sea(hereinafter referred to as "The Rotterdam Rules") on 11 December 2008. Rotterdam Rules aims to create a contemporary and uniform law providing for modern door-to-door container transport including an international sea leg. but not limited to port-to port carriage of goods. The structure of the liability regime in Rotterdam Rules are globally close to that of the Hague-Visby Rule even though it differs from that of the Hague-Visby Rules in some significant aspects. The Rotterdam Rules are very long. Therefore the Rotterdam Rules will be difficult to understand for even the skilled ship operator or owner or charterer or shipper or consignee or receiver because they are so complicated. This paper only seeks to highlight the salient features of the liability and limitation of liability regime under the Rotterdam Rules. It is expected that the harmonization and modernization of the international legal regime. coupled with the bold attempt to balance the carrier and cargo interests should lead to an overall reduction in transaction costs. increased predictability and greater commercial confidence for international business transactions.

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A Study on Drone's Liability on Flight in South Korea

  • Kwak, Young-Am
    • 유통과학연구
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    • 제14권3호
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    • pp.5-10
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    • 2016
  • Purpose - This paper analyzed the accident of drone and related insurance goods which can be coverable with regard to drone accident. The study range is limited in the owner's care, custody, and the control of drone in South Korea, but military area and law and regulation of the drone would be exceptional. Research design, data, and methodology - With regard to drone's flight, drone can make possible risks and can give severe damage to the people. To carry out this research, literature survey and review such as journal, thesis and publications were adopted. Results - As for the insurance coverage from drone's accident involved in the purpose of business, insurance coverage depends on 'commercial general liability insurance'. However, in case of personal hobby including leasure intention, insurance coverage depends on 'living liability insurance'. Conclusions - From a drone's accident, operator and owner of the drone may face the property damage to the drone itself, and then can give severe damage or loss to the people such as physical injuries and property damage. Peoples should be concerned about having the awareness of drone's accident with insurance coverage.

국제항공화물의 운송 지연에 대한 항공운송인의 책임 (The Air Carrier연s Liability for Damage Caused by Delay in the Transport of International Air Cargo)

  • 이강빈
    • 한국중재학회지:중재연구
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    • 제13권2호
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    • pp.377-401
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    • 2004
  • Delay in the air transport occurs when passengers, baggage or cargo do not arrive at their destination at the time indicated in the contract of carriage. The causes of delay in the carriage of cargo are no reservation, lack of space, failure to load the cargo on board, loading the cargo on the wrong plane, failure to off-load the cargo at the right place, or to deliver the covering documents at the right place. The Montreal Convention of 1999 Article 19 provides that "The carrier is liable for damage occasioned by delay in the carriage by air of cargo. Nevertheless, the carrier shall not be liable for damage occasioned by delay if it proves that it and its servants and agents took all measures that could reasonably be required to avoid the damage or that it was impossible for it or them to take such measures." The Montreal Convention Article 22 provides liability limits of the carrier in case of delay for cargo. In the carriage of cargo, the liability of the carrier is limited to 17 SDR per kilogram unless a special declaration as to the value of the cargo has been made. The Montreal Convention Article 19 has shortcomings: it is silent on the duration of the liability for carriage. It does not give any indication concerning the circumstances to be taken into account in cases of delay, and about the length of delay. In conclusion, it is desirable to define the period of carriage with accuracy, and to insert the word 'unreasonable' in Article 19.

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Direction of CM Services Defect Liability in the CM Contract

  • Cho, Young-Jun
    • 한국건축시공학회지
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    • 제13권3호
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    • pp.209-217
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    • 2013
  • The execution of a construction project involves the engagement of many participants. Generally, the Authority uses CM to certify that the Work is built according to the contract documents. The CM work scope is expressed in the Construction Technology Management Act and its Regulation. The mandated and delegated CM services are limited to the construction period. If Contractor is required to repair a construction defect, the Contractor should bear the burden of the inspection service for the defect repair, because it is associated with him. Nevertheless, CM should submit a bond to provide the inspection and supervision service for the defect repair. These may result in conflict with each liability. Therefore, CM service in the law and regulation was investigated and analyzed in this study to classify the characteristics of CM contracts, and it was suggested that the CM liability for the inspection and supervision service for the defect repair should be reconsidered.

Liability of Newness, Startup Capabilities and Crowdfunding Success

  • Kim, Sahangsoon
    • Asia Marketing Journal
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    • 제21권4호
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    • pp.59-76
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    • 2020
  • Though crowdfunding has emerged as a cost-effective means to market innovative products and a channel for financial resource acquisition, our understanding about what makes a successful crowdfunding is still limited. This study is motivated by the presence of the inconsistency that both entrepreneurs and investors pay more attention to capabilities required for developing prototype products rather than capabilities needed to deliver the promised products in crowdfunding. By drawing insights from studies about liability of newness and legitimacy in institutional theory, this study argues that startups can overcome the liability of newness, earn investor trust, and successfully complete crowdfunding campaigns by effectively presenting visible and invisible capabilities. This study presents a set of testable propositions predicting the likelihood of crowdfunding success and explains the theoretical and practical value of the proposed conceptualization of startup capabilities.

제조물책임 범위의 확장 : SW와 AI의 적용가능성 (Expansion of Product Liability : Applicability of SW and AI)

  • 김윤명
    • 정보화정책
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    • 제30권1호
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    • pp.67-88
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    • 2023
  • 제조물책임 범위 확장이 필요한 것은 제조물책임법 제정 시 산업 환경이 변했기 때문이다. 사람이 코딩한 알고리즘과 다르게, 인공지능은 기계학습에 따라 블랙박스화 되면서 개발자도 결과를 설명하지 못한다. 특히, 인공지능으로 인하여 발생하는 문제의 원인을 알 수 없기 때문에 책임소재도 불분명할뿐더러 피해자 배상도 쉽지 않다. 동산 등으로 한정된 제조물책임법에 따라 소프트웨어(SW)나 인공지능은 무체물로 제조물성이 인정되지 않기 때문이다. 고육지책으로 매체에 저장되거나 내장된 경우에는 제조물성이 인정될 수 있다고 한다. 그러나 매체에 따라 달리 적용되는 것은 타당하지 않다. EU는 인공지능이 포함된 경우, 제조물책임을 인정하는 제조물책임지침 개정을 추진 중이다. 피해자에 대한 보상이 제조물책임법이 추구하는 가치임에도 제조물성에 치중하여 본질을 간과해왔다. 다만, 인공지능이 채택된 서비스를 이용하여 발생한 사고라도 무조건적으로 제조물책임을 지우는 것이 아닌 실질적인 위험성에 따른 기준이 제시되는 것이 바람직하다.