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Title
The assignment contract between the debtor and the defendant constitutes a fraudulent act.
Summary
Any contract entered into between the debtor and the defendant in excess of his/her obligation shall be revoked as a fraudulent act, and the defendant shall be notified thereof.
Related statutes
§ 406. Revocation of Civil Code
Cases
2013 Ghana 234362 Revocation of fraudulent act
Plaintiff
Korea
Defendant
United StatesA
Conclusion of Pleadings
Pleadings without Oral Proceedings
Imposition of Judgment
December 27, 2013
Text
1. A. A. Revocation of a share transfer agreement concluded on October 6, 201 with respect to the shares listed in the separate sheet between the Defendant and the UB.
B. The defendant has given notice to CCC to the effect that the transfer contract for the above shares was revoked.
2. The costs of the lawsuit are assessed against the defendant.
Cheong-gu Office
Main claim: Section 1 of this Article
Preliminary claim: It is confirmed that the share transfer contract entered into on October 6, 201 between the defendant and the UB on the shares listed in the separate sheet is invalid.
Reasons
1. Indication of claims: It shall be as shown in attached Form; and
2. Judgment without holding any pleadings: Articles 208 (3) 1 and 257 of the Civil Procedure Act;