Japan’s Antitrust Revisions To Clarify Stock-Buy Rules

Law360, New York (February 14, 2008, 12:00 AM EST) -- Japan is set to usher in even more changes to its anti-monopoly laws, after the country’s ruling party approved amendments that would clarify the stock acquisition process.

Japan’s ruling Liberal Democratic Party accepted the amendments at a law panel meeting on Thursday, Kyodo News reported. The party said it hopes to enact the changes later this year, Kyodo News reported.

The changes, which would apply to domestic and foreign companies, would require a 30-day prior notification when purchasing 20% or more of voting shares in a...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.