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TITLE Supreme Court Decision 2020Da271322 Decided June 30, 2022 ¡¼Confirmation of the Right to Request the Withdrawal of Deposited Funds¡½ [full Text]
Summary
¡¼Main Issues and Holdings¡½ [1] An entity that publicly exercises the right to manage and dispose of the assets held in investment trusts in investment trust instruments under Article 9(18)1 of the Financial Investment Services and Capital Markets Act (held: trust business entity) [2] Whether the provision on the maximum interest rate prescribed in the Act on Registration of Credit Business and Protection of Finance Users applies to a case where claims or the status of creditor are transferred or placed under trust in accordance with a loan agreement (affirmative in principle)
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