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The article focuses on the comparison of the contrasting legal rules between the United States and South Korea that regulates voting in debt restructuring. The author reports that U.S. and South Korea have contrasting legal rules controlling the voting in debt restructuring, or workouts. It discusses the two contrasting legal rule between the two jurisdictions, the corporate insolvency crisis on South Korea which led to the introduction of Mandatory Voting Rule, and an analysis on the legal rules for the effectiveness of debt restructuring practices of the U.S. and South Korea.