• Title/Summary/Keyword: Settlement agreement

Search Result 173, Processing Time 0.018 seconds

A Comparison of Korea and China's FTA Dispute Settlement Agreements with ASEAN (한국과 중국이 ASEAN과 체결한 FTA 분쟁해결협정 비교 고찰)

  • Choi, Song-Za
    • Journal of Arbitration Studies
    • /
    • v.23 no.1
    • /
    • pp.25-53
    • /
    • 2013
  • With the Korea-China FTA negotiations currently on the line, the importance of research into the FTA dispute settlement system has been increasing. In this paper, a comparison of Korea and China's FTA dispute settlement agreements concluded with ASEAN is contemplated, and implications for the future of the Korea-China FTA have been suggested. The FTA dispute settlement agreements with ASEAN concluded by both Korea and China provide perspectives on both sides. This agreement with ASEAN also provides a standard for the potential Korea-China FTA agreement. Specifically, the basis of these agreements with ASEAN is the same, although there are clear distinctions, described in a more detailed manner. A problem arises when there has been no discussion on dispute settlement agreements in Korea, especially of the agreement with ASEAN, whereas the opposite is true of the China counterpart. In this paper, Chinese academic FTA dispute settlement agreement studies have been also examined.

  • PDF

Analysis of the Legal Effect of Settlement Agreements Prepared in Medical Litigation Following Plastic Surgery in Korea

  • Kwon, Jung Woo;Park, Bo Young;Kang, So Ra;Hong, Seung Eun
    • Archives of Plastic Surgery
    • /
    • v.44 no.4
    • /
    • pp.283-292
    • /
    • 2017
  • Background Settlements between doctors and patients provide a solution to complicated disputes. However, some disputes may be renewed as a result of negligence by both parties. The purpose of this study was to review the legal issues that may potentially arise during the preparation of settlement agreements and to propose a list of requirements for ensuring the effectiveness of these settlement agreements. Methods Data from 287 civil cases concerning aesthetic surgery that took place between 2000 and 2015 were collected from a court database in South Korea. Factors that influenced the effectiveness of settlement agreements were analyzed. Results Among the 287 court precedents, there were 68 cases of covenant not to sue. Eighteen cases were dismissed because the settlement agreements were recognized as effective, and 50 cases were sent forward for judgment on their merits because the agreements were not recognized as effective. The types of surgery and types of complications were classified by frequency. We evaluated the geographical distribution of the precedents, the settlement timing, and the effectiveness and economic impact of the settlements. We found that there was no statistically significant relationship among these factors. Four major factors that made a settlement agreement legally effective were identified, and the data showed that fee-free reoperations were not considered by the court in determining the compensation amount. Conclusions When preparing a settlement agreement, it is advisable to review the contents of the agreement rather than to take the preparation of a settlement agreement per se to be legally meaningful.

Settlement Promotion of Commercial Disputes through the Arbitration Agreement (중재협정을 통한 상사분쟁의 해결촉진)

  • Kim, Sang-Ho
    • Journal of Arbitration Studies
    • /
    • v.20 no.2
    • /
    • pp.27-47
    • /
    • 2010
  • It is well recognized that the availability of prompt, effective and economical means of dispute resolution is an important element in the orderly growth and encouragement of international trade and investment. Increasingly, arbitration, instead of litigation in national courts, has become the preferred means of resolving private international commercial disputes. Under the situation, it will be important thing for arbitral institutions to reach an agreement to promote the dispute settlement of the commercial disputes, for which efforts have been made between the Korean Commercial Arbitral Board(KCAB) and principal arbitration institutions of the foreign countries. Since 1973, the KCAB has entered into many arbitration agreements with well-known foreign institutions of arbitration. If the place of arbitration is not so designated by the parties, it, as a general rule, shall be the country of the respondent(s) under the Korea-Japanese Arbitration Agreement. On the other hand, the U.S.-Korean Commercial Arbitration Agreement maintains 'Joint Arbitration Committee which finally decide the place of arbitration. In 1996, the Korea-Austria Agreement of Cooperation was concluded for the prompt and equitable settlement on an amicable basis of commercial disputes. Under this Agreement, arbitral institutions between Korea and Austria agreed to act as an appointing authority in accordance with the UNCITRAL Arbitration Rules. It is also very important for Korea and China including North Korea to cooperate each other for the settlement of the commercial disputes within the Pan Yellow Sea Economic Bloc(PYSEB). The PYSEB is quickly becoming a distinctive and crucial region in the world sharing geographical proximity, many common historical experiences, and similar cultural norms and values although they have disparities in stages of development, trade and economic policies, and financial and legal frameworks. Finally, it should be considered to establish a central common system for settlement promotion of the commercial disputes within the PYSEB through the arbitration agreement. Such a dispute resolution system was already introduced and established within the area of the NAFTA, and it is called the Commercial Arbitration and Mediation Center for the Americas(CAMCA).

  • PDF

A Study on Settlement of Commercial Disputes between the South and the North of Korea (남북한 상사분쟁의 해결에 관한 연구)

  • Kim Sang-Ho
    • Journal of Arbitration Studies
    • /
    • v.16 no.2
    • /
    • pp.3-49
    • /
    • 2006
  • The purpose of this paper is to make research on the settlement mechanism of the commercial disputes between the South and the North of Korea. Also, this paper is to make research on the south-north Korea's cooperative tasks to promote the disputes settlement, including the operation and management of the South-North Arbitration Commission as well as the enactment of the South-North Arbitration Rules. To realize the spirit of the South-North Joint Declaration of June 15, 2000, the Authorities concerned of the South and the North of Korea have reached an agreement titled 'Agreement on Settlement Procedure of Commercial Disputes' on December of the same year. As the follow-up measures of the said Agreement, the South-North Authorities have signed an another agreement called 'Agreement on Organization and Administration of the South-North Arbitration Commission' on October, 2003, which is becoming vital importance for settlement of the commercial disputes between south and north Korea including the Gaeseong Industrial Complex. Gaeseong, a city surrounded by the North Korean military and a symbol of inter-Korean tensions, is now turning into a peace zone where thousands of North and South Koreans are working side by side. The Gaeseong Industrial Complex project, driven by the logic and economic necessity of cooperation, has been steadily moving forward since the North designated it as a special economic zone and has enacted related laws and regulations for its development. Under the situation, the matter of primary concern is how to organize and conduct the Arbitration Commission for the prompt and effective settlement of the south-north commercial disputes. First of all, the South-North Authorities should recognize that the availability of prompt, effective and economical means of dispute resolution such as arbitration and mediation to be made by the Arbitration Commission would promote the orderly growth and encouragement of the south-north trade and investment. In this connection, the Korean Commercial Arbitration Board(KCAB) should be designated as the arbitral institution of the south Korean side under the Agreement on Organization and Administration of the South-North Arbitration Commission. The KCAB is the only authorized arbitral organization in South Korea to settle all kinds of commercial disputes at home and abroad.

  • PDF

Problems of South-North Arbitral Cooperation under Agreement on Settlement Procedure of Commercial Disputes between south and north Korea (남북분쟁 해결합의서 체결에 따른 중재협력의 과제)

  • 김상호
    • Journal of Arbitration Studies
    • /
    • v.11 no.1
    • /
    • pp.3-35
    • /
    • 2001
  • $\ulcorner$The South-North Joint Declaration$\lrcorner$ of June 15, 2000 made by President Kim Dae Jung and National Defense Committee Chairman Kim Jong Il will contribute to the activation of economic exchange between south and north Korea. To realize the fundamental spirit of the South-North Joint Declaration, the authorities concerned of south and north Korea have reached an agreement titled $\ulcorner$Agreement on Settlement Procedure of Commercial Disputes$\lrcorner$ last December. In this connection, a speedy and reasonable settlement of commercial disputes arising therefrom is becoming a problem of vital importance between south and north Korea. Also, south and north arbitral institutions have to consider a possible arbitration agreement carefully to solve the disputes systematically under the Agreement, which will serve as an example for similar arrangements and possible harmonization in East-West commercial relations. A variety of dispute settlements including friendly consultations, conciliation and arbitration will be used more frequently within the framework of the bilateral agreements of governmental or non-governmental level which have been concluded in the past between socialist and capitalistic economy countries. There is a growing tendency that East-West trade parties recognize and accept the UNCITRAL Arbitration Rules in their contracts. So it is advisable to use the UNCITRAL Rules in arbitrations of south and north Korea in case that the interested parties fail to agree on applicable rules. Finally it should be noted that pre-arbitral settlement called ‘joint conciliation’ should be reflected in the settlement mechanism of commercial disputes between south and north Korean parties as proved to be successful between the U.S. and China trade in the past.

  • PDF

The Revision Trend of UNCITRAL Model Law on International Commercial Mediation (국제상사조정제도에 관한 UNCITRAL 모델법 개정 동향)

  • Hyun-Suk Oh;Sung-Ryong Kim
    • Korea Trade Review
    • /
    • v.45 no.1
    • /
    • pp.31-45
    • /
    • 2020
  • As FTAs are introduced, greater trade between the countries results in more disputes between parties to the agreement. Disputes in international trade have previously been settled mainly through international arbitration. However, with the recent rise in negative aspects of the arbitration system, the international community has begun to seek ways to utilize mediation for replacing the arbitration system. Mediation is a dispute settlement system that helps the parties settle their disputes on their own through negotiations. The UNCITRAL, which seeks to unify and develop international trade law, amended the Model Mediation Law in 2018 and adopted the 'United Nations Convention on International Settlement Agreements Resulting from Mediation' in August 2019 to enable the adoption of the international settlement agreement. This study analyzes the main contents of the 2018 Model Mediation Law and predicts the potential for the development of international commercial mediation as a dispute settlement procedure for future international trade.

The Settlement Characteristics of Unsanitary Solid Waste Landfilles (비위생 매립지반의 침하특성 연구)

  • Lim, Ju-Hyun;Jo, Suk-Ho;Kim, Hak-Moon;Jang, Kyung-Jun;Kim, Chan-Kuk
    • Proceedings of the Korean Geotechical Society Conference
    • /
    • 2008.03a
    • /
    • pp.1012-1023
    • /
    • 2008
  • This paper estimates the long-term settlement of In-cheon unsanitary solid waste landfills. which is 20 years old. The unsanitary solid waste landfills was subjected to pre-loading system over a period of 1 year, and the settlement for 300 landfill monitors provided measured data. This landfill contain relatively small amount of organic component, therefore the initial stage of settlement was very small. The existing settlement models are examineed to compare with the observed behavior of this site and, also to estimate long-term settlement. The Hyperbolic, Bjarngard & Edgers, and Power Creep Law models showed good agreement well with the measured settlement of the In-cheon unsanitary solid waste landfills.

  • PDF

A Study of Domestic B2B e-Marketplace (국내 B2B e-Marketplace에 관한 연구)

  • 이헌성;강민철
    • Journal of Korea Society of Industrial Information Systems
    • /
    • v.6 no.2
    • /
    • pp.23-30
    • /
    • 2001
  • The advent of the Internet and development of information technologies have changed the environment of doing business. Accordingly, they expect that the relative importance of electronic commerce in the business becomes growing more and more. Among the areas of electronic commerce, B2B marketplaces that play the roles of linking buyers and suppliers take the important place. This study examines requirements for activating domestic B2B marketplaces by analyzing the literature and the status of the marketplaces. For the analysis, evaluation factors that belong to one of the four categories (i.e., Information step, Agreement step, Settlement step, and the rest) are selected. Results of the study suggest the following activation requirements for domestic B2B marketplaces : 1. Enforcement of services for the Agreement and Settlement steps. 2. Supporting multinational languages. 3. Diversification of income sources. 4. Standardization. 5. Integrating main systems. 6. Satisfying the necessities of buyers and suppliers.

  • PDF

A Study on Settlement of Investment Disputes under ICSID Mechanism (ICSID의 투자분쟁 해결구조에 관한 고찰)

  • 김상호
    • Journal of Arbitration Studies
    • /
    • v.13 no.2
    • /
    • pp.123-156
    • /
    • 2004
  • Settlement of investment disputes is quite different from that of commercial disputes arising from ordinary commercial transactions in view of disputing parties, applicable laws and rules, etc.. Therefore, it is very important to consider the Convention on the Settlement of Investment Disputes between States and Nationals of Other States(Washington Convention) of 1965. The creation of the International Centre for Settlement of Investment Disputes(ICSID), which was established under the Washington Convention, was the belief that an institution specially designed to facilitate the settlement of investment disputes between governments and foreign investors could help to promote increased flows of international investment. Pursuant to the Washington Convention, ICSID provides facilities for the conciliation and arbitration of disputes between member countries and investors who qualify as nationals of other member countries. Recourse to ICSID conciliation and arbitration is entirely voluntary. However, once the parties have consented to arbitration under the Washington Convention, neither can unilaterally withdraw its consent. Moreover, all Contracting States of the Washington Convention are required by the Convention to recognize and enforce ICSID arbitral awards. Provisions on ICSID arbitration are commonly found in investment contracts between governments of member countries and investors from other member countries. Advance consents by governments to submit investment disputes to ICSID arbitration can also be found in many bilateral investment treaties including the Korea-China Agreement on the Encouragement and Reciprocal Protection of Investments(1992), the Korea-Japan Agreement for the Liberalization, Promotion and Protection of Investment(2003) and the Korea-Chile FTA, the latter was signed as of February 15, 2003 and is still pending in the National Assembly for its ratification. Arbitration under the auspices of ICSID is similarly one of the main mechanism for the settlement of investment disputes under the bilateral treaties on investment. Therefore, it is a problem of vital importance that Korean parties interested in investment to foreign countries should understand and cope with the settlement mechanism of investment disputes under the Washington Convention and bilateral investment treaties.

  • PDF

A displacement controlled method for evaluating ground settlement induced by excavation in clay

  • Qian, Jiangu;Tong, Yuanmeng;Mu, Linlong;Lu, Qi;Zhao, Hequan
    • Geomechanics and Engineering
    • /
    • v.20 no.4
    • /
    • pp.275-285
    • /
    • 2020
  • Excavation usually induces considerable ground settlement in soft ground, which may result in damage of adjacent buildings. Generally, the settlement is predicted through elastic-plastic finite element method and empirical method with defects. In this paper, an analytical solution for predicting ground settlement induced by excavation is developed based on the definition of three basic modes of wall displacement: T mode, R mode and P model. A separation variable method is employed to solve the problem based on elastic theory. The solution is validated by comparing the results from the analytical method with the results from finite element method(FEM) and existing measured data. Good agreement is obtained. The results show that T mode and R mode will result in a downward-sloping ground settlement profile. The P mode will result in a concave-type ground settlement profile.