In a lawsuit to revoke a fraudulent act, the contract of donation shall be revoked and the registration of ownership transfer shall be revoked.

In accordance with Article 257 of the Civil Procedure Act, a sales contract between the defendant and BB shall be revoked.

Article 30 of the National Tax Collection Act Revocation of Fraudulent Act

Article 257 of the Civil Procedure Act: Judgment without Holding any pleadings

Seoul Central District Court 2017Kadan521467 Revocation of Fraudulent Act

Korea

AA

Pleadings without Oral Proceedings

April 6, 2018

1. The gift agreement concluded on January 28, 2015 between the Defendant and BB (Seoul 00-Gu 00 x-rox) is revoked.

2. On January 29, 2015, the Defendant shall implement the procedure for registration of cancellation of ownership transfer registration, which was completed as the receiptx on January 29, 2015, with respect to the real estate listed in the attached list to BB.

3. The costs of lawsuit shall be borne by the defendant.

Cheong-gu Office

The same shall apply to the order.

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);