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| TITLE | Supreme Court Decision 2008Du10591 Decided April 14, 2011 [Revocation of Disposition to Impose Acquisition Tax, etc.] [full Text] |
|---|---|
| Summary | |
| [1] The case holding that Byeong is a nominal party to bareboat charters and Eul was the actual party to these contracts in a case where Gap, a foreign corporations owning ships, entered into bareboat charters for hire-purchase with Byeong, a group of foreign corporations established by the Korean corporation Eul, after which Eul signed time charter contracts with Byeong to employ these ships in its sea transportation operations [2] In a case where Gap, a group of foreign corporations that owns ships, signed bareboat charters for hire-purchase with Byeong, a group of paper companies established overseas by a Korean corporation Eul, after which Eul signed time charter contracts with Byeong to employ these ships in its sea transportation operations and then restored the ships to Byeong before the last installment payment, the case holding that it is impossible to conclude the bareboat charters for the above ships were terminated, nor that the above ships were returned to Gap | |
