Reference: The Courts’ Timing and Standard for the Calculation of Division of Property |
Judicial precedent determines the property subject to the division of property and its value as of the date of the divorce report for divorce by agreement and the close of trial hearings for judicial divorce (e.g., Supreme Court Judgment 99Meu906 announced on September 22, 2000; Supreme Court Judgment 2005Da74900 announced on September 14, 2006), while the method, proportion, and amounts of the division of property will be determined in consideration of the amount of property amassed by cooperation between the parties and other circumstances (Supreme Court Judgment 97Meu1486,1493 announced on February 13, 1998). |
Reference: Exercise of the Right to Revoke Fraudulent Acts for the Preservation of the Right to Division of Property |
※ What is the right to revoke fraudulent acts?
If one spouse has committed a fraudulent act, that is, a juridical act with a property right as its object, such as disposing of real estate, knowing it injures the other spouse’s claim for division of property, the other spouse may apply the provisions of the Civil Act on the claimant’s right of revocation mutatis mutandis to seek the revocation and restoration of the fraudulent act to the family court. This is called the right to revoke fraudulent acts (Articles 406(1) and 839-3(1) of the Civil Act).
※ Deadline to bring action for the revocation of fraudulent acts An action for the revocation of fraudulent acts must be brought within 1 year of being aware of the cause of revocation and 5 years of the date the juridical act took place (Articles 406(2) and 839-3(2) of the Civil Act). |