2002 Fiscal Year Final Research Report Summary
Study on Problems about Insolvency of public Corporations and financial Institutions
| Project/Area Number |
13620053
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| Research Category |
Grant-in-Aid for Scientific Research (C)
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| Allocation Type | Single-year Grants |
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| Section | 一般 |
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| Research Field |
Civil law
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| Research Institution | Kobe University |
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Principal Investigator |
YAMAMOTO Hiroshi Kobe University, Graduate School of Law, Professor, 大学院・法学研究科, 教授 (20143349)
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| Project Period (FY) |
2001 – 2002
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| Keywords | Public Corporation / Financial Institute / Insolvency |
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| Research Abstract |
The following contents about the legal problems which arose in the insolvency of a public corporation or a financial institute.
1 The automatic dissolution of the derivative contracts and their bulk liquidation are valid under Japanese bankruptcy code. Therefore there is no need for legislative act toward the derivative contracts the party of which is a financial institute.
2 The enactment of the civil rehabilitation law does not effect the inability of a public corporation to be a bankrupt.
3 The selection of an agent by the court under new Japanese corporate reorganization law aims not to protect creditors but to reduce legal costs.
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