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김지현 ( Jee-hyun Kim ),노용균 ( Yong-gyun Roh ),우지연 ( Jee-yeon Woo ),이민우 ( Min-woo Lee ) 건국대학교 법학연구소 2011 일감부동산법학 Vol.6 No.-
After obtaining permission for construction from administrative agency, a developer makes a capital financing contract with project lenders. In case a developer becomes insolvent, project lenders would make every effort to take over the project implement rights, so they can get repayment. This article examines if it is necessary to include the project implement rights transfer provision in such contracts, and shows the examples of transfer provision in contracts. It also suggests the legal approaches for taking over project implement right, such as suits for transfer rights and title transfer, and it looks through the range of acceptance and reconciliation. In addition, the research studies the possibility of transfer project implement right to project lenders inferring with Ipso facto clause, in case of the developer or the constructor`s bankruptcy. Finally, the research investigates the way for project lenders to secure the construction permission when the corporate recovery proceeds. It briefly introduces corporate recovery procedure, then shows the effect of transferring project implement right clause, obtaining the business through buying securities(debt-equity swap, enforcement of the pledge), managemental real estate trust.