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61st Meeting (November 6, 2012)

Agenda

Discussion on issues for reforming the Civil Code (law of obligations)

Summary of minutes

1.Discussion on issues for reforming the Civil Code (law of obligations)

Members discussed issues for reforming the Civil Code (law of obligations) based on Material No. 49 (distributed at the 60th meeting). Concrete issues discussed are as follows.

Provisions on consumers and businesses.

Placement of provisions

2.Supplemental discussion on issues for reforming the Civil Code (law of obligations)

After reviewing the whole major issues at the second stage, the members had supplemental discussion taking account of deliberation at past meetings and sectional meetings based on Material No.50. Concrete issues discussed are as follows.

Statutory interest rate

Enrichment of measures to protect guarantors

Adjustment of provisions on negotiable instruments

Set-off

Issues for discussion stated in Material No.51 were left to a later meeting.

3.Report

There was an announcement about the 6th meeting of the Second Sectional Meeting.

Materials

Omitted.

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