TITLE	Supreme Court Decision 2013Da62278 Decided July 23, 2015 ¡¼Damages, etc.¡½ [full Text]
Summary
In case of a merger between unlisted corporations, the content of the duty of due care of a good manager owed by the director(s) of the company owning shares of the extinguished company in its decision-making on whether to give consent to the merger; and in such cases, whether the director may be deemed to have fulfilled his/her duty of due care of a good manager if the decision on consent was grounded in a business judgment on the adequacy of merger ratio in view of such information as appropriate to derive an adequate merger ratio, and the said ratio is reasonable enough to be objectively deemed not manifestly absurd (affirmative)

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