[Construction & Real Estate] Real Estate Case Law Report: Standards for Loss of Opposing Power and Cancellation of Reconstruction Sale Claims

Money Today

Construction projects, which involve numerous intertwined stages such as design, construction, and supervision, engage many parties from the ordering party to the sub-subcontractor. The longer the construction period, the greater the likelihood of unexpected variables arising, which soon leads to sharp disputes. In particular, because construction disputes must take into account not only labor, material, and civil-complaint issues but also interference between preceding and subsequent processes, early response is more important than anything else.

Financial News

A fire that broke out on the 20th at an automobile plant in Daedeok-gu, Daejeon, claimed the lives of 14 employees in a tragic incident. With nine of the dead found concentrated in a 2.5-story mezzanine space not shown on the building plans, suspicions of unauthorized structural alterations or illegal expansion are being cited as one of the main factors that increased the death toll. The legal community anticipates that, depending on the findings of the future investigation, this disaster will lead to a legal battle over the business owner's liability for neglecting safety-management duties.

Kyeonggi Ilbo

On the 27th of last month, the Ansan branch of the Suwon District Prosecutors' Office issued a no-charge disposition to a man in his 60s, identified as A, who had been referred to the prosecution on suspicion of violating the Act on Regulation and Punishment of Criminal Proceeds Concealment. A had been under investigation on suspicion of receiving and concealing about 280 million won out of roughly 3.5 billion won that his wife, the company's accountant, had embezzled in the course of her work.