JFTC Transparency Proposal Heads To Lawmakers

Law360, New York (March 15, 2010, 5:49 PM EDT) -- Japan's cabinet has proposed amendments to its anti-monopoly law that would abolish the current hearing procedure for antitrust cases in favor of a system designed to be more transparent and give companies suspected of anti-competitive behavior a chance to weigh in before regulators issue cease-and-desist orders.

The three highest-ranking cabinet members in charge of Japan's Fair Trade Commission sent the proposed changes, which also include changing the jurisdiction for competition appeals, to the country's legislature on Friday, the regulator said.

The amendments would modify Japan's Antimonopoly...
To view the full article, register now.