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...
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