The Ministry of Justice organized the reform committee for the civil Code, in February 2009 for the new reform draft of the civil Code, which would work for 5 years, in the first year, it would review the general part(Part I) of the civil code. There were six subcommitte for the first year, the fourth subcommitte of which was going to examine the topics : prescription extinctive, acquisitive prescription, Non-suspendable Periods and other periods. This group worked from February 2009 to February 2010, only one year. The reform orientation of the subcommitte was, first, the modernization and internalization(Globalization) of the civil code, which is the common aim of the all 6 committee. For these aim, when the present draft about the prescription extinctive was being prepared, consulted were the newly presented rules, for example the german civil Code(2002), the french civil Code(2008), the Principles of European Contract Law(2002), the Unidroit Principles(2004), the Draft Common Frame of Reference(DCFR)(2009) and so on. Some reform drafts in Japan, China is also consulted. Another fundamental aims of our reform were ① simplification, unification and clarity of the prescription law ② the balance between the debtor and the creditor ③ the plain text style of the civil Code etc. The main features of the present reform draft are as follows : First of all, in the prescription extinctive, the draft text puts forward a general period of 5 years from 10 years of the Civil code, which is by the legislator agreed that it is appropriate to reduce the period. The starting point of the prescription period is also changed from the time when his rights arises to the time of the creditors knows. Maximun length of period, which is to be 10 years, is newly introduced and the period of prescription, cannot be extended, by suspension of its running or postponement of its expiry under this draft, to more than 10 years. Moreover these all are regulated together in one single article(draft article. 162); But Short extinctive Prescription for 3 or 1 years(articles 163 and 164 of the present Civil Code) is abandoned for the merit of simplification of a prescription period. As a ground of hindrance of the running of the prescription period, the 2 types, interruption and suspension of the prescription extinctive according to our existing Civil Code, are changed into the 3 types, suspension, postponement of expiry and renewal. Especially important is that it is appropriate to convert the majority of what are now grounds of interruption of prescription into grounds of its suspension. As a result, the grounds of suspension of prescription extinctive are as follows : bringing an action (draft article 168, para 1)(① Exercise of right by judicial prceedings(draft article 168 para 1) ② Application of an order for payment(draft same article, para 2) ③ Compromise in court, arbitration proceedings, meditation proceedings, and other exercise of right by judicial proceedings having the same effect as a judgement(draft same article, para 3) ④ Intervention in reorganization proceedings, bankruptcy proceedings or reorganization proceedings by individual(draft same article, para 4). Furthermore, the effect of suspension is clearly regulated by new article(draft article 169). On the other hand, the coexistence of suspension of prescription and postponement of expiry, which is newly introduced, are as follows : ① Provisional Attachemnt, provisional disposition(draft article 170) ② Claims between spouses(draft article 171) ③ Claims between person subject to an incapacity or person under disability and representative(draft article 171, section 1, article 171, section 2) ④ Negociations(draft article 172). In the following, the grounds of postponement of expiry of prescription a
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