Although the common opinion is that the difference between
Japanese culture and Israeli culture is miles apart, a close look
at the countries' corporate laws reveals they are far more
similar that one might think. Advs. Eliran Furman and Peter
Sugarman of Yigal Arnon & Co. with a comparison of certain
aspects of Israeli and Japanese Corporate Law.
On December 4, 2019, the Diet, Japan’s legislative body,
passed an amendment to the Japanese Companies Law. This amendment,
which has been two years in the making, is the result of numerous
consultations between the Legislative Council of Japan and the
Japanese Ministry of Justice.1 While the amendment touches on
quite a few issues, this article will focus on three provisions
that bear striking similarities to Israeli corporate law, most
notably in the unifying principles underlying both the Israeli and
Japanese laws that transcend cultural differences. These three
topics are: (1) equity compensation to directors, (2)
