Skip to main content
  • Finance Law

Overview of the 2025 Edition of the Model LPA

On June 23, 2025, the Ministry of Economy, Trade and Industry (METI) published a new version of the model Limited Partnership Agreements for Japanese Investment Limited Partnership (“Model LPA”). This is intended to serve as the successor to the Model LPA published in 2010. Since many investment funds in Japan are formed as investment limited partnerships and their limited partnership agreements (“LPAs”) are based on the Model LPA, the new Model LPA is expected to impact fund formation practices. As a member of the expert committee involved in the revision of the Model LPA, the author provides the following overview of the published Model LPA and related materials. The published materials are organized into five volumes:...To read the full article, please see the PDF file

Finance Law Newsletter Download PDF [194 KB]

Authors

本柳 祐介

Yusuke has a wealth of experience in the areas of capital raising by corporations, the formation of investment funds, and investments in investment funds, in transactions of all sizes, both domestically and internationally. In the field of capital raising, he has an extensive and excellent track record in the issuance of shares by financially distressed listed companies. In regard to fund formation and fund investment, he is constantly involved in numerous transactions, and advises not only on the legal aspects of those transactions, but also on market standards. He also provides advice on a wide range of financial regulations, including those in new fields such as fintech. His advice includes providing guidance on registering or filing notifications required for conducting finance-related business, analyzing new finance-related businesses, and establishing/reviewing the internal compliance rules/systems of his clients. Recently, he has become more involved in blockchain- and token-related matters, including not only those in the finance sector, such as fundraising by issuing crypto assets, listing crypto assets on domestic and foreign exchanges, and other crypto asset-related transactions, but also those in areas outside the finance sector.