차입매수(LBO)에 대한 배임죄 처벌의 타당성

• 영문명: The Validity of Punishing LBO for breach of Trust
• 발행기관: 한국형사법학회
• 저자명: 구길모(Koo, Gil-Mo)
• 간행물 정보: 『형사법연구』형사법연구 제25권 제2호, 159~192쪽, 전체 33쪽
• 주제분류: 법학 > 법학
• 파일형태: PDF
• 발행일자: 2013.06.30

영문 초록

LBO(Leveraged Buyout) is a type of M&A. This investment scheme has intrinsic risk of increasing the debt ratio. Also, minor shareholders’ and creditors' profit can be infringed in process of LBO. I basically agree to the necessity to regulate LBOs to minimize those kinds of side effects, but the problem is that we, in Korea, regulate LBOs by criminal law. The director can violate criminal law on account of breach of trust. 'The principle of subsidiarity in criminal law should be observed and the criminal punishment should be restricted to a minimum. This thesis deal with the criminal Daesunjujo case. The Court of appeal denied a breach of trust crime in this case. The Court of appeal ruling showed that the director could be guilty of breach of trust when the capital reduction is void for the procedural fault. But breach of trust should be judged by criminal standard. There are some civil legislations that can regulate LBOs in Korea. But they cannot be applied and developed if criminal procedure is preferred. Therefore the criminal punishment should be restricted to a minimum, and referring to business judgement rule can be helpful to this.

목차

Ⅰ. 서론

Ⅱ. 차입매수(LBO)의 의의 및 유형

Ⅲ. 대선주조사례

Ⅳ. 차입매수(LBO)에 대한 배임죄를 통한 규제 검토

V. 결론

참고문헌

Abstract

키워드

차입매수 배임죄 합병 신인의무 감자절차상 하자 경영판단의 원칙 LBO Breach of Trust M&A Fiduciary Duty Procedural Fault in Capital Reduction Business Judgement Rule