Securities Investor and Futures Trader Protection Act Article 26

When mediation is successful, the protection institution shall produce a mediation agreement and, within 7 days from the day the mediation is successfully concluded, submit it, along with the mediation case file and evidence, for ratification by the jurisdictional district court of the place where the protection institution is located.If the court declines to ratify the mediation agreement because the content violates of law or regulation, public order, or good morals or because its compulsory enforcement is not possible for some other reason, the court shall notify the protection institution of the reasons.Unless there is a circumstance mentioned in the preceding paragraph, the court shall ratify the mediation agreement referred to in paragraph 1. After the court has ratified the mediation agreement, it shall return the ratified mediation agreement, together with the mediation case file and evidence, to the protection institution, and the protection institution shall serve the ratified mediation agreement on the parties involved. The service of the mediation documents shall be governed mutatis mutandis by the provisions of the Code of Civil Procedure.A mediation ratified by a court shall have the same force and effect as a final and binding civil judgment.If a cause exists for finding a mediation ratified by a court invalid or voidable, a party to the dispute may institute an action to declare the mediation invalid or void in the court that originally ratified the mediation. That action may be joined with an action on the original mediation matter, or a counterclaim may be instituted and the court requested to decide the matter jointly when issuing a declaration invalidating or voiding the mediation agreement. Such action or counterclaim will be deemed to have been instituted from the time of the application for mediation.An action to declare a mediation invalid or void shall not prejudice rights obtained in good faith by a third party.The circumstances under paragraph 5 shall be governed mutatis mutandis by Articles 500 to 502 of the Code of Civil Procedure and Article 18, paragraph 2 of the Compulsory Enforcement Act.