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TITLE [Security Money for Lease]Supreme Court Decision 2002Da66892 Delivered on November 12, 2004 [full Text]
Summary
[1] In case where an existing company established a new company practically identical to the existing company in form and content for the purpose of evading its financial obligations, whether a creditor of the existing company may demand fulfillment of financial obligations against both the existing company and the newly established one (affirmative) [2] The case holding that if a new company having practically identical form and content of an existing company is established for the purpose of evading financial obligations of the existing company, and the new company denies financial obligations on the ground that the two companies are separate juristic persons, then such allegation cannot be accepted since it violates the principle of good faith and trust or it abuses corporate entity status
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