Nagashima Ohno & Tsunematsu
Speakers from Citi Group and law firms Mori Hamada and Nagashima Ohno expect to see an increase in work as foreign investors increasingly flock to the country
Southeast Asia and Europe are hotspots for growth, but talent acquisition and retention difficulties are forcing firms to be creative
On June 23, draft amendments to the Cabinet Office Order on Disclosure Required for Tender Offer for Share Certificates, etc. by Person Other than Issuer, as well as other related Cabinet Office Orders and FAQs, were published by the Financial Services Agency of Japan.
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KKR has made its biggest acquisition of a Japanese asset, but multiple regulatory filings delayed the launch of the tender offer
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Sponsored by Nagashima Ohno & TsunematsuOn November 30 2018, partial amendments to the Ordinance for Enforcement of the Notary Act (Amended Ordinance) came into force. The Amended Ordinance aims to identify the beneficial owners of companies and improve transparency in order to prevent money laundering or terrorism financing activities. According to the Amended Ordinance, when making an application to a notary for the authentication of articles of association to incorporate new joint-stock companies (kabushiki-kaisha), general incorporated associations (ippan-shadan-houjin) or general incorporated foundations (ippan-zaidan-houjin), applicants must declare to the notary: (i) the beneficial owner of the company; and, (ii) that the beneficial owner is neither a member of criminal organisations nor an international terrorist, and where there is any reasonable doubt the notary will request the applicant to provide explanations. -
Sponsored by Nagashima Ohno & TsunematsuOn January 31 2019, the Cabinet Office Order to Partially Amend the Cabinet Office Order on Disclosure of Corporate Affairs was issued by the Financial Services Agency. It was suggested that the original order be revised based on the recommendations made in the Financial System Council's 'disclosure working group report' announced in June 2018. Following is an outline of the revisions to be made:
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Sponsored by Nagashima Ohno & TsunematsuThe Diet passed the Housing Rental Business Act (an official translation is yet to be determined) on June 9 2017. The Act, which will take effect in June 2018, defines and regulates vacation rental businesses such as Airbnb.
