• 제목/요약/키워드: Principle of Limited Liability

검색결과 8건 처리시간 0.017초

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.

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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운송인(運送人)의 손해배상책임제한(損害賠償責任制限)에 관한 역사적(歷史的) 고찰(考察) (A Historical Analysis on the Limitation of Carriers' Liability)

  • 오수근
    • 항공우주정책ㆍ법학회지
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    • 제5권
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    • pp.171-205
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    • 1993
  • On the contrary to the general principle of private law, carriers' liability for passengers and cargo owners have been quantatively limited in some cases. The author traces the rule of liability limitation in the law of Korea and United States to verify two hypotheses. The first hypothesis is that the rule of liability limitation has been introduced to motivate investment when new technology with high risk has been adopted in business. The second hypothesis is that the rule of liability limitation can be maintained only when damages have been fully compensated. The former is a necessary condition for liability limation, and the latter sufficient condition. There are strong evidences for the first hypothesis. Navigation or aviation, artificial satellite lauching, urban transportation system are good examples. The second hypothesis is supported by the fact that there have been continuous controversies on the Warsaw System, including the failure of ratification of Montreal Additional Protocols No.3 & 4 by the U.S. Senate and voluntary removal of liability limitation by the Japanese airline companies. Loss of cargo can be compensated fully, but damages from personal injury and death not. The value of human body and life is not easy to be estimated. Passengers, moreover, do not usually buy insurance for accidents in travel. Passengers do not accept insurance premium as the cost of being whole and alive. They do not accept accident rates realistically. They have no bargaining power in dealing with insurers. The rule of liability limitation in personal losses would not be supported in future because damages have not fully compensated.

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국제운송규칙의 변화와 선하증권의 면책약관에 관한 연구 (A Study on the Change of Rules of International Transport and Exception Clauses of Bill of Lading)

  • 강영문
    • 무역상무연구
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    • 제31권
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    • pp.59-78
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    • 2006
  • The purpose of this research is to discuss the excepted perils of carriers, to expose moot points arising from the applications of the excepted perils of the carriers, and then to suggests improvements them. The methodology of this research depended largely upon a combination of the related precedents, international treaties related to the excepted perils of carriers. The excepted perils of carriers in marine carriage begin with extremely limited perils based on the receptum liabilities and the absolute liability principle in English common law. Proceed via the intemperate expansion of the excepted perils by the widespread diffusion of the principle of free contract. but via the American Harter Act, The Hague Rules, The Hague Visby Rules, and The Hamburg Rules Came contracted. This study conducted an analysis of the excepted perils for the carriers and suggests improvements in them but it remains regrettable that we are not in a position to sustain them since we are lacking is precedents connected with The Hamburg rules.

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몬트리올 조약상 국제항공화물배상책임제도에 관한 고찰 (A Study on the Liability Regime for the International Air Cargo under the Montreal Convention)

  • 이강빈
    • 항공우주정책ㆍ법학회지
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    • 제18권
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    • pp.41-64
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    • 2003
  • 본고는 새로 발효된 1999년의 몬트리올 조약상 국제항공화물에 관한 항공운송인의 책임제도를 종전의 바르샤바 조약과 비교하여 고찰하고 있으며, 또한 항공화물은송인의 책임에 관련된 몬트리올 조약 규정의 주요 문제점들을 다루고 있다. 바르샤바 조약은 1929년에 채택되어 1955년, 1961년, 1971년, 1975년, 1999년에 계속적으로 개정되어 왔으며, 1999년의 몬트리올 조약은 바르샤바 조약 및 관련조약들을 통합하고 현대화한 것이다. 항공운송인은 몬트리올 조약에 규정된 바와 같이 엄격책임주의에 따라 책임을 지며, 항공운송중의 화물의 파괴, 멸실, 손상 및 지연에 대하여 책임을 지되, 운송인의 책임은 1킬로그램당 17특별인출권(SDR)으로 제한된다. 결론적으로 몬트라올 조약은 화물에 관한 항공운송인의 책임과 관련하여 몇가지 현존하는 문제점들이 있는데, 몬트리올 조약과 바르샤바 조약간의 충돌 가능성, 낮은 운송인의 책임한도액, 운송인의 책임기간의 불명확, 과도한 소송제기, 항공보험의 가입 등의 문제들이 그것이다. 따라서 몬트리올 조약상 운송인의 책임조건 및 한도는 재조정되고 보다 구체적으로 규정되어야 한다.

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몬트리올 협약상 국제항공화물운송에 관한 연구 - 항공화물운송장과 항공운송인의 책임을 중심으로 - (A Study on the International Carriage of Cargo by Air under the Montreal Convention-With respect to the Air Waybill and the Liability of Air Carrier)

  • 이강빈
    • 무역상무연구
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    • 제49권
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    • pp.283-324
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    • 2011
  • The purpose of this paper is to research the air waybill and the carrier's liability in respect of the carriage of cargo by air under the Montreal Convention of 1999. The Warsaw Convention for the unification of certain rules for international carriage by air 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. Under the Montreal Convention, in respect of the carriage of cargo, the air waybill shall be made out by the consignor. If, at the request of the consignor, the carrier makes it out, the carrier shall be deemed to have done so on behalf of the consignor. The air waybill shall be made out in three orignal parts. Under the Montreal Convention, the consignor shall indemnify the carrier against all damages suffered by the carrier or any other person to whom the carrier is liable, by reason of the irregularity, incorrectness or incompleteness of the particulars and statement furnished by the consignor or on its behalf. The air waybill is not a document of title or negotiable instrument. Under the Montreal Convention, the air waybill is prima facie evidence of the conclusion of the contract, of the acceptance of the cargo and of the conditions of carriage. If the carrier carries out the instructions of the consignor for the disposition of the cargo without requiring the production of the part of the air waybill, the carrier will be liable, for any damage which may be accused thereby to any person who is lawfully in possession of the part of the air waybill. Under the Montreal Convention, the carrier is liable by application of principle of strict liability for the damage sustained during the carriage of cargo by air. The carrier is liable for the destruction or loss of, or damage to cargo and delay during the carriage by air. The period of the carriage by air does not extend to any carriage by land, by sea or by inland waterway performed outside an airport. Under the Montreal Convention, the carrier's liability is limited to a sum of 17 Special Drawing Rights per kilogramme. Any provision tending to relieve the carrier of liability or to fix a lower limit than that which is laid down in this Convention shall be and void. Under the Montreal Convention, if the carrier proves that the damage was caused by the negligence or other wrongful act or omission of the person claiming compensation, or the person from whom he derives his rights, the carrier shall be wholly or partly exonerated from ist liability to the claimant to the extent that such negligence or wrongful act or omission caused the damage. Under the Montreal Convention, any action for damages, however founded, whether under this Convention or in contract or in tort or otherwise, can only be brought subject to the conditions and such limits of liability as are set out in this Convention. Under the Montreal Convention, in the case of damage the person entitled to delivery must complain to the carrier forthwith after the discovery of the damage, and at the latest, within fourteen days from the date of receipt of cargo. In the case of delay, the complaint must be made at the latest within twenty-one days from the date on which the cargo has been placed at his disposal. if no complaint is made within the times aforesaid, no action shall lie against the carrier, save in the case of fraud on its part. Under the Montreal Convention, the right to damage shall be extinguished if an action is not brought within a period of two years, reckoned from the date of arrival at the destination, or from the date on which the aircraft ought to have arrived, or from the date on which the carriage stopped. In conclusion, the Montreal Convention has main outstanding issues with respect to the carrier's liability in respect of the carriage of cargo by air as follows : The amounts of limits of the carrier's liability, the duration of the carrier's liability, and the aviation liability 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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몬트리올조약에 있어 국제항공여객운송인의 손해배상책임 (Liability of the Compensation for Damage Caused by the International Passenger's Carrier by Air in Montreal Convention)

  • 김두환
    • 항공우주정책ㆍ법학회지
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    • 제18권
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    • pp.9-39
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    • 2003
  • 프로펠러여객기 운항시대에 만들어졌던 국제항공운송인의 민사책임관계를 규정한 1992년의 바르샤바조약은 1955년의 헤이그 개정의정서, 1961년의 과다라하라조약, 1971년의 과테말라의정서 및 1975년의 몬트리올 제1, 제2, 제3및 제4의 정서 등 한개의 조약과 여섯 개의 의정서 등에 의하여 여러 차례 개정이 되었고 보완되면서 70여 년간 전세계를 지배하여 왔지만 오늘날 초음속(마하)으로 나르고 있는 제트여객기 운항시대에 적합하지 않아 "바르샤바조약체제" 상의 문제점이 많이 제기되어 왔다. 특히 시대에 뒤떨어진 "바르샤바조약체제" 는 2개의 조약과 여섯 개의 의정서로 매우 복잡하게 구성되어 있었으며 항공기사고로 인한 국제항공운송인의 손해배상사건에 있어 배상한도액이 유한책임으로 규정되어 있어 항상 가해자인 항공사와 피해자인 여객들간에 분쟁(소송 등)이 끊이지 않고 있으므로 이를 어느정도 해결하기 위하여 UN산하 ICAO에서는 상기 여러 개 조약과 의정서를 하나의 조약으로 통합(integration)하여 단순화시키고 현대화(modernization)시키기 위하여 20여 년간의 작업 끝에 1999년 5월에 몬트리올에서 새로운 국제항공운송인의 민사책임에 관한 조약(몬트리올 조약)을 제정하였다. "바르샤바조약체제" 를 근본적으로 개혁한 몬트리올 조약은 71개국과 유럽통합지역기구가 서명하였으며 미국을 비롯하여 33개국이 비준하여 2003년 11월 3일부터 전세계적으로 발효되었음으로 이 조약은 앞으로 전세계의 항공운소업계를 지배하게 되리라고 본다. 본 논문에서는 몬트리올 조약의 성립경위와 주요내용(국제항공여객운송인의 손해배상책임: (1)총설, (2)조약의 명칭, (3)조약의 전문, (4)국제항공여객에 대한 책임원칙과 배상액((ㄱ)국제항공여객의 사상에 대한 배상, (ㄴ)국제항공여객의 연착에 대한 배상), (5)손해배상 한도액의 자동조정, (6)손해배상금의 일부전도, (7)손해배상청구소송의 제기관계, (8)국제항공여객의 주거지에서의 재판관할관계, (9)항공계약운송인과 항공실제운송인과의 관계, (10)항공보험)을 요약하여 간략하게 설명하였다. 1999년 몬트리올 조약의 핵심사항은 국제항공운송인의 손해배상책임에 관하여 무한책임을 원칙으로 하되 100,000 SDR까지는 무과실책임주의를 채택하였고 이 금액을 초과하는 부분에 대하여서는 과실추정책임주의를 채택하였음으로 "2단계의 책임제도" 를 도입한 점과 항공기사고로 인한 피해자(여객)는 주소지의 관할법원에 가해자(항공사)를 상대로 손해배상청구소송을 제기할 수 있는 제 5재판관할권을 새로이 도입하였다는 점이다. 현재 우리 나라는 전세계에서 항공여객수송량이 11위 권에 접어들고 있으며 항공화물수송량도 3위 권을 차지하고 있음에도 불구하고 아직도 이 조약에 서명 내지 비준을 하지 않고 있음은 문제점으로 지적될 수가 있음으로 그 해결방안으로 세계의 항공산업선진국들과 어깨를 나란히 하고 상호 협력하기 위하여 조속히 우리 나라도 이 조약에 서명하고 비준하는 것이 필요하다고 본다. 한편 우리 나라와 일본은 국내항공운송에 있어서는 국내에서 항공기사고가 발생하였을 때에 국내항공여객운송인의 민사책임을 규정한 법률이 없기 때문에 항상 항공사 측과 피해자간에 책임원인과 한계 및 손해배상액을 놓고 분규가 심화되어 가고있으며 법원에서 소송이 몇 년씩 걸리어 피해자 보호에 만전을 기 할 수가 없는 실정에 있다. 현재 이와 같은 분규의 신속한 해결을 위하여 국내항공운송약관과 민상법의 규정을 적용 내지 준용하여 처리할 수밖에 없는 실정인데 항공기사고의 특수성을 고려하여 볼 때 여러 가지 문제점이 많이 제기되고 있다. 이와 같은 문제점을 해결하기 위하여 국내항공여객운송인의 책임한계 및 손해배상액을 분명하게 정하고 재판의 공평성과 신속성을 도모하기 위하여서는 항공운송계약 당사자간의 책임관계를 명확하게 규정한 "가칭, 항공운송법" 의 국내입법이 절실히 필요하다고 본다.

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항공기(航空機) 사고조사제도(事故調査制度)에 관한 연구(硏究) (A Study on the System of Aircraft Investigation)

  • 김두환
    • 항공우주정책ㆍ법학회지
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    • 제9권
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    • pp.85-143
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    • 1997
  • The main purpose of the investigation of an accident caused by aircraft is to be prevented the sudden and casual accidents caused by wilful misconduct and fault from pilots, air traffic controllers, hijack, trouble of engine and machinery of aircraft, turbulence during the bad weather, collision between birds and aircraft, near miss flight by aircrafts etc. It is not the purpose of this activity to apportion blame or liability for offender of aircraft accidents. Accidents to aircraft, especially those involving the general public and their property, are a matter of great concern to the aviation community. The system of international regulation exists to improve safety and minimize, as far as possible, the risk of accidents but when they do occur there is a web of systems and procedures to investigate and respond to them. I would like to trace the general line of regulation from an international source in the Chicago Convention of 1944. Article 26 of the Convention lays down the basic principle for the investigation of the aircraft accident. Where there has been an accident to an aircraft of a contracting state which occurs in the territory of another contracting state and which involves death or serious injury or indicates serious technical defect in the aircraft or air navigation facilities, the state in which the accident occurs must institute an inquiry into the circumstances of the accident. That inquiry will be in accordance, in so far as its law permits, with the procedure which may be recommended from time to time by the International Civil Aviation Organization ICAO). There are very general provisions but they state two essential principles: first, in certain circumstances there must be an investigation, and second, who is to be responsible for undertaking that investigation. The latter is an important point to establish otherwise there could be at least two states claiming jurisdiction on the inquiry. The Chicago Convention also provides that the state where the aircraft is registered is to be given the opportunity to appoint observers to be present at the inquiry and the state holding the inquiry must communicate the report and findings in the matter to that other state. It is worth noting that the Chicago Convention (Article 25) also makes provision for assisting aircraft in distress. Each contracting state undertakes to provide such measures of assistance to aircraft in distress in its territory as it may find practicable and to permit (subject to control by its own authorities) the owner of the aircraft or authorities of the state in which the aircraft is registered, to provide such measures of assistance as may be necessitated by circumstances. Significantly, the undertaking can only be given by contracting state but the duty to provide assistance is not limited to aircraft registered in another contracting state, but presumably any aircraft in distress in the territory of the contracting state. Finally, the Convention envisages further regulations (normally to be produced under the auspices of ICAO). In this case the Convention provides that each contracting state, when undertaking a search for missing aircraft, will collaborate in co-ordinated measures which may be recommended from time to time pursuant to the Convention. Since 1944 further international regulations relating to safety and investigation of accidents have been made, both pursuant to Chicago Convention and, in particular, through the vehicle of the ICAO which has, for example, set up an accident and reporting system. By requiring the reporting of certain accidents and incidents it is building up an information service for the benefit of member states. However, Chicago Convention provides that each contracting state undertakes collaborate in securing the highest practicable degree of uniformity in regulations, standards, procedures and organization in relation to aircraft, personnel, airways and auxiliary services in all matters in which such uniformity will facilitate and improve air navigation. To this end, ICAO is to adopt and amend from time to time, as may be necessary, international standards and recommended practices and procedures dealing with, among other things, aircraft in distress and investigation of accidents. Standards and Recommended Practices for Aircraft Accident Injuries were first adopted by the ICAO Council on 11 April 1951 pursuant to Article 37 of the Chicago Convention on International Civil Aviation and were designated as Annex 13 to the Convention. The Standards Recommended Practices were based on Recommendations of the Accident Investigation Division at its first Session in February 1946 which were further developed at the Second Session of the Division in February 1947. The 2nd Edition (1966), 3rd Edition, (1973), 4th Edition (1976), 5th Edition (1979), 6th Edition (1981), 7th Edition (1988), 8th Edition (1992) of the Annex 13 (Aircraft Accident and Incident Investigation) of the Chicago Convention was amended eight times by the ICAO Council since 1966. Annex 13 sets out in detail the international standards and recommended practices to be adopted by contracting states in dealing with a serious accident to an aircraft of a contracting state occurring in the territory of another contracting state, known as the state of occurrence. It provides, principally, that the state in which the aircraft is registered is to be given the opportunity to appoint an accredited representative to be present at the inquiry conducted by the state in which the serious aircraft accident occurs. Article 26 of the Chicago Convention does not indicate what the accredited representative is to do but Annex 13 amplifies his rights and duties. In particular, the accredited representative participates in the inquiry by visiting the scene of the accident, examining the wreckage, questioning witnesses, having full access to all relevant evidence, receiving copies of all pertinent documents and making submissions in respect of the various elements of the inquiry. The main shortcomings of the present system for aircraft accident investigation are that some contracting sates are not applying Annex 13 within its express terms, although they are contracting states. Further, and much more important in practice, there are many countries which apply the letter of Annex 13 in such a way as to sterilise its spirit. This appears to be due to a number of causes often found in combination. Firstly, the requirements of the local law and of the local procedures are interpreted and applied so as preclude a more efficient investigation under Annex 13 in favour of a legalistic and sterile interpretation of its terms. Sometimes this results from a distrust of the motives of persons and bodies wishing to participate or from commercial or related to matters of liability and bodies. These may be political, commercial or related to matters of liability and insurance. Secondly, there is said to be a conscious desire to conduct the investigation in some contracting states in such a way as to absolve from any possibility of blame the authorities or nationals, whether manufacturers, operators or air traffic controllers, of the country in which the inquiry is held. The EEC has also had an input into accidents and investigations. In particular, a directive was issued in December 1980 encouraging the uniformity of standards within the EEC by means of joint co-operation of accident investigation. The sharing of and assisting with technical facilities and information was considered an important means of achieving these goals. It has since been proposed that a European accident investigation committee should be set up by the EEC (Council Directive 80/1266 of 1 December 1980). After I would like to introduce the summary of the legislation examples and system for aircraft accidents investigation of the United States, the United Kingdom, Canada, Germany, The Netherlands, Sweden, Swiss, New Zealand and Japan, and I am going to mention the present system, regulations and aviation act for the aircraft accident investigation in Korea. Furthermore I would like to point out the shortcomings of the present system and regulations and aviation act for the aircraft accident investigation and then I will suggest my personal opinion on the new and dramatic innovation on the system for aircraft accident investigation in Korea. I propose that it is necessary and desirable for us to make a new legislation or to revise the existing aviation act in order to establish the standing and independent Committee of Aircraft Accident Investigation under the Korean Government.

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