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Economics
Politics, Economy, and Society
- First major revision of the Civil Code in 120 Years After seven and a half years have passed since the deliberation of the Civil Code (Credit Relations) Sub-Committee of the Legislative Council started in November 2009, the "Bill for Partial Amendment of the Civil Code" was passed and enacted on May 26, 2017, and the amended law was promulgated on June 2 of the same year. This amendment is a major amendment of the entire credit relations of the Civil Code, and has a significant impact not only on transactions in general social life but also on transaction practices of financial institutions (for example, amendments related to extinctive prescription, guarantee, transfer of claims, assumption of obligations, right to request avoidance of fraudulent act, etc.). This book picks up important points in practical terms throughout the amendment, and gives an overview of the amendment and a specific explanation of its impact on financial practices in an easy-to-understand manner. It was published in 2010 by the Study Group on the Credit Law. It is a Shugyoku book that summarizes the results of a series of detailed discussions by the Legislative Council and previous theories and judicial precedents. Features of this book ◆ A compact explanation of the entire amendment of the Civil Code (Credit Relations) ◆ An easy-to-understand explanation of the impact of the amendment of the Civil Code on financial practices ◆ A specific explanation by lawyers who are familiar with financial practices ◆ A question-and-answer format in which you can understand what you want to know