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TITLE Supreme Court Decision 2002Da2294 delivered on April 12, 2002 [full Text]
Summary
Where a city imposes charges for ownership of excessive housing sites (the Charges) on a person who owns excessive housing sites, seizes the property of the person due to his default in payment of the Charges, and registers the seizure thereof with a court and such imposition and attachment becomes final and conclusive before the Constitutional Court of Korea determines that all the provisions of the former Ceilings on the Ownership of Housing Sites Act (the COHSA) are not in compliance with the Constitution, (i) whether the city may proceed with subsequent procedures to collect the delinquent Charges from the obligor after the Constitutional Court's decision (negative) and (ii) whether the city may receive any dividends in the auction procedure initiated by another creditor of the obligor (negative)
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