Title
The extinctive prescription of the right to collateral security shall expire by the expiration of ten years.
Summary
Since the defendant's right to collateral security was established in 1986, the secured claim of the right to collateral security has already expired in 1996, and there is no ground for suspension.
Cases
Seoul Central District Court 2019 Ghana506211
Plaintiff
Korea
Defendant
KimA
Imposition of Judgment
April 26, 2019
Text
1. The defendant shall implement the procedure for registration of cancellation of the registration of the establishment of the establishment of the neighboring land completed by No. 23xx on December 9, 1986 with respect to the real estate stated in the attached list to the plaintiff.
2. The costs of the lawsuit are assessed against the defendant.
Reasons
1. Indication of claims: It shall be as shown in attached Form; and
2. Judgment without holding any pleadings (Article 208 (3) 1 of the Civil Procedure Act);