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TITLE Supreme Court Decision 2009Da77754 Decided Oct. 25. 2012 [Damages] [full Text]
Summary
[1] Where the party does not designate a specific state law in the federal country with different state laws applied to contract and merely agrees to the law of the federal country, validity of such agreement and its interpretation [2] Where legal relation between tortfeasor and victim is infringed by a tortious act, applicable law to a tort(=applicable law to injured legal relation) [3] Where obligee claims foreign currency claim which is exchanged to our currency, time point of fixing the exchange rate(=the time of closing of hearing at the court of fact-finding instance) [4] Where applicable law to the original obligor/obligee relation is foreign law, whether interest rate on damages for delay provided by Article 3(1) of the Act on Special Cases Concerning Expedition, etc. of Legal Proceedings is applicable(negative)
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