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T M C ASSER PRESS, 2001.

Leorand Bartels and Federico Ortino, Regional Trade Agreements and the WTO Legal System, Oxford: Oxford Press, 2006.

Yo Sop CHOI and Kazuhiko FUCHIKAWA, “Comparative Analysis of Competiton Laws on Buyer Power in Korea and Japan”, World Competition-law and economics, Brussels: Wolters Kluwer, 2010.

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Abstract

The improvement of Rules of Civil Procedure

for the International Business with the FTA and ISD Policies

Kim, Bong-Chul ^*47)

As the international trade is promoted, civil problems can become an important object of international contestation variously. Rules of Civil Procedure which presents the legal standards for civil proceedings should consider the globalization and international relations that need to be supplemented. Recently, FTA (Free Trade Agreement) and Settlement of international investment disputes are big issues at domestic and aborad. And this trend demands a new role of Rules of Civil Procedure in the Korean society.

In the Korean legal system, an FTA (international agreement on trade and other issues) itself is a law for the regulations of international economy, and it becomes national law directly. Therefore, it changes national rules on the field indirectly, and that affects other domestic and foreign normative system.

Expansion of FTA will make many domestic corporation's infringement cases in foreign countries. This eventually relates to the issues of Recognition and Enforcement of Foreign Judgement, and Jurisdictions of international or foreign courts. Also, FTA can relates to not only international trade but also various categories of economy/society. For example, FTA can directly affect corporate activities, such as the field of competition.

The foreign investment market of Korea is comparatively big in the globalized world, and also the Korean government stimulates the expansion of the investment by concluding a Bilateral Investment Treaty (BIT) or provisions of FTA on investment. The ISD (invester-State Dispute) provisons may emphasize the necessity for amendment and compensation of Rules of Civil Procedure. When it comes to Arbitration which is a useful way to resolve the international investment disputes, the Civil procedure for Recognition and Enforcement of Foreign Judgement would be needed, if Judgement of Arbitration was not made by national arbitration proceeding.

* Prof., Division of International Studies, Hankuk University of Foreign Studies Ph. D. in law

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