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Korea Trust Liability Limitation Clause — Supreme Court 2026

South Korea’s Supreme Court unanimously held on February 26, 2026 (Case 2023Da280945) that a liability-limitation clause in a management-type land trust supply contract is unenforceable against a unit buyer under Article 3(4) of the Standard Terms Act if the trust company failed to explain the clause specifically and in detail at the time of contracting. […]

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