The 2008 Guide to Japan

  • Editorial

  • Emissions trading

    Emissions trading

  • The carbon market

    The Japanese carbon market is opening its arms to the financial sector. This will lead to increased innovation and opportunity, say Tsutomu Hiraishi and Gavin Raftery of Baker & McKenzie GJBJ Tokyo Aoyama Aoki Koma Law Office

  • Financial regulation

    Financial regulation

  • New financial framework

    Akio Kawamura of Nishimura & Asahi provides an update on the financial regulatory framework in Japan under the FIEL

  • Hostile takeovers

    Hostile takeovers

  • The Bull-Dog precedent

    Masahisa Miwa of Nagashima Ohno & Tsunematsu explains why the Bull-Dog Sauce case creates a tough precedent for those wanting to engage in hostile takeovers

  • Management buyouts

    Management buyouts

  • New procedures for fair MBOs

    Soichiro Fujiwara and Masanori Tsujikawa of Nagashima Ohno & Tsunematsu examine changes in the procedures for minority squeeze-outs and conflicts of interest

  • M&A

    M&A

  • Deal protection

    Deal protection clauses were viewed as unnecessary in the past, but are now becoming more common. Hiromi Hayashi of Mori Hamada explores their complexities

  • Monetary claims

    Monetary claims

  • A changed system

    Paper bills are awkward to use so a new, cleaner system has been introduced. Kazuhiro Yoshii of Anderson Mori & Tomotsune explains how it will work

  • Securitisation

    Securitisation

  • Impact of recent revisions

    Fumiko Oikawa, Takafumi Uematsu and Koji Kawamura of Atsumi & Partners assess the impact of recent changes in the law

  • Takeover defences

    Takeover defences

  • The best line of defence

    Akimitsu Kamori of Blakemore & Mitsuki argues that board-led defence strategies are the best way of preventing takeovers

  • Triangular mergers

    Triangular mergers

  • Road testing the new law

    Hiroshi Kondo and Chris Hodgens of Baker & McKenzie look at issues likely to be faced by US, UK and Australian companies contemplating acquisition of a Japanese company under Japan's new triangular merger regime

  • Triangular mergers

    Triangular mergers

  • Magic triangles

    Despite resistance from Japanese business, the government has introduced laws enabling triangular mergers to take place. Koji Toshima and Rintaro Shinohara of Mori Hamada explain how to make the mergers work

  • Trust law

    Trust law

  • Modernising the law

    Japanese trust law is changing to accommodate a changing society. Masayuki Fukuda and Hideaki Suda of Nagashima Ohno & Tsunematsu discuss the developments