- Competition Law / International Trade
Japan export control update: Introduction of prior reporting obligations for international transfer of key technologies and new exporter verification requirements
The direction of export control reform proposed by the METI Security Trade Control Subcommittee
On April 24, 2024, the Security Trade Control Subcommittee of the Industrial Structure Council (“Subcommittee”), established within the Ministry of Economy, Trade and Industry (METI) and consisting of expert members, issued an interim report (“Interim Report”) recommending changes to export control regulation under the Foreign Exchange and Foreign Trade Act (“FEFTA”). This recommendation comes against the backdrop of a new national security environment in which we observe rapid technological advances and rising risk that general-use goods and technologies (collectively, “items”) are converted to military-use. Export control under the FEFTA consists of regulations requiring a license for the export of (a) certain listed items (list control) and (b) non-listed items when there is a risk that the item will be used...To read the full article, please see the PDF file
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Competition Law / International Trade Newsletter
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He has extensive experience handling cases involving complex legal issues, such as mergers and acquisitions by a public-private investment fund in the context of a business turnaround, a high-value dispute between a securities company and a stock exchange, adoption of anti-takeover defense measures for the first time in Japan, expansion of foreign businesses into the Middle East involving geopolitical risks, and commercial arbitration involving sizable claims regarding M&A price adjustment clauses. Recently, he been advising on risk assessments for transactions, contract drafting, voluntary self-disclosure to government authorities, responses to enforcement actions by the authorities, and establishment of internal control systems with respect to economic security regulations. In particular, he engages in numerous transactions involving economic sanctions, export controls and other economic security regulations regarding conflicts between the US and China over technology competition and human rights issues in Myanmar, Iran and Russia.