Obligee’s Right of Revocation – South Korea
The client in this case and his spouse were sued by a person in South Korea who claimed the Right of Revocation based on an allegation that the act of the client’s spouse, whereby she registered her right to collateral security in regard to A’s property obstructed the plaintiff’s compulsory execution in regard to A’s property, and as such, it was a fraudulent act.
The legal experts at Pureum Law Office (PLO) claimed that the client and his spouse could not know that their registration of the right to collateral security in regard to A’s property would cause damage to the plaintiff and that the registration of such right in regard to A’s property was a valid and legitimate act. As a result, PLO won the case.
The degree of difficulty of ‘Obligee’s Right of Revocation’ lawsuits is very high, and it is easy for the court to assume that the act in question was fraudulent. In such cases, it is only possible to obtain a positive outcome if you hire a lawyer who has experience in such cases.
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