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Overview of the Freelance Transactions Optimization Bill and Other Partnership-Related Policy Developments and Their Impact on Practice

On February 24, 2023, in light of the increasing diversification of work styles, the "Freelance Transactions Optimization Bill" (the Act on Optimization, etc., of Transactions concerning Specified Consignees; hereinafter referred to as the "FTO Bill") was approved by the Cabinet and submitted to the House of Representatives. The purpose of the bill is to provide transparency and protection in transactions where “freelancers” act as service providers. Such protection is necessary because, in most cases, the consigners who entrusts business to the freelancer is a business or organization and, as such, there is a disparity between the consigners and freelancer in terms of information and bargaining power. If the bill is enacted by the Diet, it will require consigners…To read the article, please see the PDF file

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Competition Law / International Trade Newsletter (March 24, 2023) Download PDF [252 KB]