Enforcement Of The Japanese Class Action System

１．ロンドン国際仲裁裁判所による仲裁 判断の重大な違法についてイングランド 高等法院が示した判断

The concept of damages due to misstatement has long been unfamiliar to Japanese investors.

On January 2, 2024, a tragic incident occurred at Haneda airport in Japan, in which a commercial aircraft operated by JAL collided with an aircraft operated by the Japan Coast Guard.

A sharp drop in the number of litigations and damages amounts awarded over misstatements has occurred, while broker-customer litigation has reached a record high.

On 9 January 2019, Hong Kong's Department of Justice and the Ministry of Justice of Japan signed a Memorandum of Cooperation (MoC) ...

"Any request for an extension of time . . . will be looked upon with disfavor." U.S. District Court for the Eastern District of Virginia Local Rule 7(I)...

The modern Japanese legal system is primarily based on the civil law system, with partial modifications engrafted under the influence of the US legal system after World War 2.

Arbitration and litigation are two major methods of resolving disputes, but there are various differences in their systems and practices.

The measures available to a creditor seeking to identify the assets of another party differ depending on whether a judgment in favour of the creditor has already been rendered.

Effective August 29, 2020, the Japanese Diet has amended the Foreign Lawyers Act (the "FLA") to expand the scope of services some foreign lawyers can provide in international arbitration...

Pursuant to the Employment (Amendment) Ordinance 2014, male employees with a child born on or after February 27, 2015 are now entitled to three days' paternity leave for each confinement of their spouse or partner.

Companies are advised to confirm whether any changes should be made to their current practice of applying for patents and trademarks in light of the newly introduced procedures.

As outlined above, the Amendments will significantly tighten regulations on managers of funds marketed to Japanese investors.

On April 1, the Office of the Australian Information Commissioner updated the Australian Privacy Principles ("APP") Guidelines.

China's State Council recently published new merger control notification thresholds doubling the previous China revenue thresholds in an amended Regulation on Notification Thresholds for Concentrations of Business Operators (the "Regulation"), the first time since the Chinese Anti-Monopoly Law ("AML") came into effect in 2008.

On September 18, the Office of the Australian Information Commissioner ("Commissioner") and the Commonwealth Scientific and Industrial Research Organization's Data61 released...

The most debated aspect during the consultation process was compliance with the retention requirements in the context of transactions where SPVs grant loans to entities other than individuals and microenterprises.

Government Announces Bill For Mandatory Data Breach Notification Scheme

The Securities and Exchange Commission has proposed Regulation Crypto Assets, establishing exemptions from registration requirements for crypto asset offerings and creating a safe harbor mechanism for projects to transition out of securities law obligations. The regulation introduces a two-tiered framework with startup offerings up to $5 million and larger fundraising offerings up to $75 million, while providing tailored disclosure requirements and preempting state securities laws.

The GEM listing activities in Hong Kong have been declining since 2019, and there was no new listed issuer on the GEM in 2022.