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- W4254636967 abstract "Korea has not ratified either the 1976 Limitation Convention or Hague-Visby Rules. However, with effect from 1 January 1993, Korea has incorporated the basic principles and main parts of those international conventions into its domestic law, the Korean Commercial Code (“KCC”) and the Act on Procedure for Limitation of Shipowners’ Liability. The KCC and Limitation Procedure Act follow in general the basic principles contained in the 1976 Limitation Convention. The relevant parts of the KCC consist of eight Articles: Articles 746 through 752-2. The KCC allows a claimant to bring a direct action against a liability insurer. Allowing direct action against a liability insurer is intended to provide the claimant with a quick and secure indemnity. The Korean Supreme Court once held that in the event that a claimant brings a claim against a shipowner sounding in tort, the law of the place where the tort occurred would apply in respect of the global limitation." @default.
- W4254636967 created "2022-05-12" @default.
- W4254636967 creator A5014921578 @default.
- W4254636967 date "2020-11-25" @default.
- W4254636967 modified "2023-09-24" @default.
- W4254636967 title "Korea" @default.
- W4254636967 doi "https://doi.org/10.4324/9781003122746-28" @default.
- W4254636967 hasPublicationYear "2020" @default.
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