학술논문
프로젝트 파이낸스(Project Finace)의 經濟的 主體와 讓許契約
이용수 138
- 영문명
- The Legally Economic Entities of Project Finance and the Concession Agreement
- 발행기관
- 한국사법학회(구 한국비교사법학회)
- 저자명
- 秦鴻璂(HongKi Jin)
- 간행물 정보
- 『비교사법』比較私法 제15권 제4호, 759~801쪽, 전체 43쪽
- 주제분류
- 법학 > 법학
- 파일형태
- 발행일자
- 2008.12.30
7,960원
구매일시로부터 72시간 이내에 다운로드 가능합니다.
이 학술논문 정보는 (주)교보문고와 각 발행기관 사이에 저작물 이용 계약이 체결된 것으로, 교보문고를 통해 제공되고 있습니다.
국문 초록
영문 초록
Modern project finance("PF") has been invented in U.S., Tracing back to when independent oil companies particularly in Texas tried to find and extract oil, financial institution had betted that the resource, the oil was actually present and that it could be sold at a price that lived up to initial expectation, and provided funds relying only for cash flow generated by the resource. In the mechanism of PF, the sponsoring firms create legally distinct economic entities, so-called project company("PC"), to develop, manage, and finance the project. PC borrows on a limited or non-recourse basis from the bank on the condition that the banks are relying on the project's cash flows rather than on the assets or general credit of the sponsoring organizations for the loan repayment. Despite the non-recourse(of limited recourse) nature of project borrowing, projects are highly leveraged entities: debt to total capitalization ratios average 60-70%, but can reach as high as 95% in some deals.
The stockholders in PF such as sponsors, banks may chose a vehicle considering various factors, such as the extend to which the sponsors is isolated from the risks and liabilities in the project, the tax efficacy. Even though, at present, we are not able to find a perfect form of corporation that con satisfy the stakeholder, Limited Liability Company is highly recommended because the company is a combination form of the managerial control of the corporations and flexibility and pass-through taxation benefit of partnerships. In addition, stockholders needs to enter into such agreement in order to escape the fault of the corporations and fill the gap between the defects in the corporate form and the double tax matters.
On the other hand, in the infrastructure PF, the public sector(government) and the private sectors(private companies, concessionaires) invariably enters into an concession agreement whereby the private sector agrees to design and construct the stated facilities by a certain date and operate the facilities for a period and transfer the ownership of the relevant facilities to the host government(in BOT type). Governments, concessionaires, and scholars traditionally have treated concession agreements as private, bilateral contracts between high-ranking national officials and the concessionaires. However, many concession agreements have failed to produce expected infrastructural, monetary, and efficiency gains because of the lack of due process in terns of selection of concessionaires and the public notice of their contents to the populace as well as transparency of the implementation of the concession agreements. Therefore we must observe the concession agreement on the sys of public policy. We may find good regime of entry into concession agreement in the PFI of U.K. and the PPPs of the EU. They may be treated as a form of cooperation between governments and private companies in natural resources development and infrastructure sector project or as a long-term contractual agreement.
목차
Ⅰ. 머리말
Ⅱ. 프로젝트 파이낸스의 經濟的 主體
Ⅲ. 프로젝트 파이낸스에서의 讓許契約
Ⅳ. 마치는 글
【參考文獻】
[Abstract]
키워드
해당간행물 수록 논문
- 私法上의 團體와 憲法
- 미국 연방 민사소송규칙상의 전자적 자료의 증거개시에 관한 연구
- 名譽毁損의 민사적 법률관계
- 프로젝트 파이낸스(Project Finace)의 經濟的 主體와 讓許契約
- 비영리사단법인에 관한 독일의 최근 동향
- 인간배아줄기세포의 연구 규제와 불특허사유
- 정형화된 근로계약에서 무효인 위약금조항의 법률효과
- 미국 중재절차에서 집단분쟁의 해결
- 기업과 영업
- 전선절단사안에서의 불법행위책임에 관한 비교법적 연구
- 금융중개기관을 통해 간접보유하는 유가증권의 선의취득에 관한 연구
- 프랑스 민법상의 법인론
- 미국법상 약속적 금반언에 기한 전계약적 책임
- 응용미술품의 저작권법적인 보호
- 종교단체의 법인화
- 한-미 FTA 협정이 게임산업과 콘텐츠의 유통에 미치는 영향
- 주식명의신탁 과세연구
- 秘密維持契約에 관한 硏究
참고문헌
관련논문
최근 이용한 논문
교보eBook 첫 방문을 환영 합니다!
신규가입 혜택 지급이 완료 되었습니다.
바로 사용 가능한 교보e캐시 1,000원 (유효기간 7일)
지금 바로 교보eBook의 다양한 콘텐츠를 이용해 보세요!