Examples of legal disputes that may occur for failing to comply with the Nagoya Protocol

Examples of legal disputes that may occur for failing to comply with the Nagoya Protocol

14 Jun 2018, 10:50 - 11:20

Coex Conference Room 327
Language:
Korean

Nagoya Protocol is an international treaty that still has many areas remaining undefined. However vague and incomplete this treaty may seem, the protocol is a legal issue many cannot ignore because its repercussions and impact to companies are immense. Korean companies are especially interested in the risks that may follow after violating the protocol or the laws of the country of origin of the resources when importing source materials from overseas countries.

Solutions should be sought by first looking into the laws of the country of origin, but one must bear in mind the possibility of legal disputes being brought before the courts of Korea under Korean law if the relevant Korean company has no personal or property assets in the country of origin of the resources.

Since it is vital for companies to minimize any risk that may arise from legal actions taking place in Korea due to breach of the protocol or the laws of the country of origin, I would like to look into measures that may help minimize such risks.

Contributors

  • Kyung Ho Jeong

    Speaker

    Lawyer

    Barun Law LLC

    Attorney Kyung Ho Jeong is an attorney with Barun Law LLC. He is a graduate of College of Law and Graduate School of Law of Seoul National...

We use cookies to operate this website and to improve its usability. Full details of what cookies are, why we use them and how you can manage them can be found by reading our Privacy & Cookies page. Please note that by using this site you are consenting to the use of cookies.