- IT / Media / Entertainment
- Sports Business Law
Recent Formulation of Guidelines for random type sales of NFT
Recently, Japan’s Council for Sports Ecosystem Promotion (“C-SEP”) established guidelines for both NFT random sales and NFT secondary distribution markets. These guidelines are welcome additions to the Japanese NFT landscape, as simultaneous presence of NFT random type sales services (sales methods in which the NFT provided is randomly determined, including package sales, Gacha sales, package sales, reveal sales and random generation sales) and secondary distribution markets has seen experts and political circles alike holding discussions on its legality in relation to gambling. Indeed, on 26 April 2022, the Liberal Democratic Party's Headquarters for the Promotion of a Digital Society released an “NFT Whitepaper, which states that “the relevant ministries and agencies should clearly demonstrate that at least certain types of...To read the full article, please see the PDF file
-
IT/Media/Entertainment/Sports Newsletter (December 6, 2022) (292 KB / 9 pages)
Download PDF [293 KB]
His main practice area is corporate crisis management and litigation. He is also highly knowledgeable and experienced on matters involving foreign investigations and regulatory authorities. He has dealt with many cases in relation to investigations by the Securities and Exchange Surveillance Commission, the Japanese Fair Trade Commission, the Japanese Public Prosecutor’s Office, etc., as well as foreign authorities such as the U.S. Department of Justice. He has also dealt with a variety of cases such as misconduct by executives and employees, violation of environmental regulations, violation of the regulation regarding pharmaceutical and medical equipment, etc. In addition to cases that require emergency responses, he has advised many companies to build effective whistleblowing systems and anti-bribery compliance programs, and he has assisted with due diligence procedures from a compliance perspective.