Seoul High Court 2008Nu26451 (Law No. 2009.09)

National High Court Decision 2007Du2364 ( October 01, 2007)

The equity shares of a partnership corporation shall not constitute property requiring registration, etc. in the transfer or exercise of rights.

Property which requires the transfer of rights or the registration, etc. of such transfer or exercise of rights shall be limited to the requirements for registration, etc., which take effect or requirements for setting up against the law, and the matters on which a partnership corporation entered in the list of members and the details of investments shall not constitute the property requiring registration, etc. in the transfer or exercise of rights.

The contents of the decision shall be the same as attached.

All appeals are dismissed.

The costs of appeal are assessed against the Defendants.

All of the records of this case and the judgment of the court below and the grounds of appeal were examined, but it is clear that the appellant's grounds of appeal fall under Article 4 of the Act on Special Cases Concerning the Procedure of Appeal and therefore, all of the appeals are dismissed pursuant to Article 5 of the same Act. It is so decided as per Disposition by