SCSK Corporation: subsidiary obtains license for funds transfer transaction analysis business
Leading Japanese law firm Nishimura & Asahi advised SCSK Corporation [TSE: 9719], a Japan-based IT company, on obtaining a fund transfer transaction analysis business license for its subsidiary, SCSK RegTech Edge Corporation. This was the first such license to be granted by the FSA under the amended Payment Services Act, which came into force in June 2023.
The Nishimura & Asahi team advising SCSK was led by partners Tsuyoshi Ito, Shinji Dohi and Yuko Kawai, supported by Dai Mizui.
Tsuyoshi Ito has significant experience in tax counseling and tax controversies and has represented major corporations in numerous tax disputes and tax lawsuits. In March 2021, he won a significant corporate tax dispute that challenged a tax assessment of approximately USD 367 million in taxable income before the Tokyo High Court after a protracted seven-year battle. In August 2014, he won a tax dispute involving securitization transactions of domestic housing loans before the Tokyo High Court. In addition to excellent achievements in major tax disputes, he generally advises on domestic and cross-border taxation issues in various transactions, such as M&A, joint ventures, fund formation and equity/debt investments.
Shinji provides strategic and practical advice to both public and private clients in various corporate matters, including cross-border M&A transactions. Shinji is well accustomed to communicating closely with clients, addressing their concerns precisely, proposing strategic solutions, and providing legal services in a timely manner. Shinji’s practice covers various M&A transactions, such as Inbound / Outbound cross-border deals, mergers between public companies, tender offers, management buy-outs, privatization transactions, business alliances, corporate reorganizations, and joint ventures. Shinji also deals with a wide range of corporate matters, including corporate governance matters, defenses against hostile takeovers and shareholder activism, advice on shareholder meetings, corporate disputes, and labor matters. In addition, Shinji has published various articles on M&A topics and corporate law topics in Japan.
Yuko has continuously advised a multitude of global and prominent companies on data privacy issues, including data breaches and security incidents, data privacy structures in the design of their business, cross-border data transfers, global data compliance, data governance and medical/genome data. During her many years of professional practice as a corporate lawyer, she has also conducted transactional and advisory work in cross-border and domestic M&As, joint ventures and business alliances, and general corporate matters for listed companies.
Her recent major books include, “Amendments to the Act on the Protection of Personal Information in 2020 and Practical Approaches” (Shojihomu, 2022) and “Corpus Juris Series - Personal Information Protection Legislation (Global)” (Shojihomu, 2020).
She has served as a member of Committee for Promoting Open-data in Public Transportation Sectors, of Ministry of Land, Infrastructure, Transport and Tourism of Japan, as well as a member of Tokyo Data Platform Case Study Project Review Board, Bureau of Digital Services, Tokyo Metropolitan Government.