New squeeze-out provisions under Japan's Industrial Competiveness Enhancement Act
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New squeeze-out provisions under Japan's Industrial Competiveness Enhancement Act
This edition of The Corporate Counselor discusses how Japan’s new Industrial Competiveness Enhancement Act now allows a shareholder (or a group forming a consortium) owning as little as 66 2/3% of the outstanding voting rights in a target company to implement a mandatory cash squeeze-out of the minority shareholders.
- Related Topics
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- Representation and Warranty Insurance in Japanese M&A Transactions
- Minority Investment Exits in Japan
- Joint Venture Termination Surprises
- Corporate Splits in Japan
- Employee Invention Rights Pivot
- Handling Personal Information in Japanese M&A Transactions
- Sexual Harrassment and Director Residency Update
- Stamp Taxes in Japan
- Due Diligence in Japanese M&A Transactions
- New Method to Squeezing Out Minority Shareholders
- MINORITY INVESTMENTS IN JAPANESE PUBLICLY TRADED COMPANIES
- LETTERS OF INTENT IN JAPANESE M&A TRANSACTIONS
- THE DEVIL WEARS PRADA WITH DISCRIMINATING FASHION – AN OVERVIEW OF SEXUAL HARASSMENT CLAIMS IN JAPAN
- A MATTER OF FATCA AND COMPLIANCE UNDER JAPANESE DATA PRIVACY LAWS
- NUANCES OF CONDUCTING A CORPORATE INTERNAL INVESTIGATION IN JAPAN
- ESTABLISHING A SUBSIDIARY IN JAPAN - THE CHOICE BETWEEN A KABUSHIKI KAISHA AND A GODO KAISHA
- GRANTS OF OVERSEAS PARENT COMPANY STOCK OPTIONS - A SWEET AND SOUR PERK
- PROTECTING CONFIDENTIAL INFORMATION AND INTELLECTUAL PROPERTY RIGHTS IN JAPAN - HOW TO AVOID A ROOKIE MISTAKE
- TO BE A DIRECTOR OR NOT BE A DIRECTOR - WHAT IS THE PROTECTION? (Part II)
- TO BE A DIRECTOR OR NOT BE A DIRECTOR - THAT IS THE QUESTION
- Squeezing Out Minority Shareholders - A New Beginning to An End?
- Choice of governing law under Japanese law
- THE APPRAISAL PROCESS IN SQUEEZE-OUTS—DISSENTING SHAREHOLERS MAY HAVE THE LAST LAUGH
- SQUEEZING OUT MINORITY SHAREHOLDERS - WHO'S REALLY BEING SQUEEZED?
Authors
Kumi provides strategic and innovative solutions to complex problems in the field of corporate governance. Her track record includes: supporting a major Japanese trust bank in developing a new scheme for equity incentive plans and lobbying regulatory reforms; and advising major Japanese companies in building global compensation and indemnification structures. She is also known for her expertise in management of shareholder meetings/board of directors meetings, disclosure, organizational design, internal control, anti-takeover measure, etc. She also has over 10 years experience advising clients on both cross-border and domestic M&A, reorganization and joint venture transactions.
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Stephen is a leader of our Cross-Border Transactions Group. Stephen was previously associated with top-tier U.S. international law firms for 12 years, and has experience running cross-border transactions on the ground in the United States, Japan, Singapore, India, Indonesia, and Thailand. Stephen has represented U.S. and non-U.S. buyers and sellers in cross-border corporate transactions in various industries and deal structures, including stock and asset acquisitions, mergers, private equity and venture capital investments, joint ventures and strategic alliances.
Since joining Nishimura & Asahi in 2004, Stephen has represented numerous multi-national clients in connection with their investments into Japan and their ongoing general commercial transactions (including franchising, licensing, employment, corporate governance and commercial real estate leasing matters). Stephen also has extensive experience leading and documenting Japanese and cross-border due diligence exercises with respect to various industries, and representing Japanese clients in connection with their multi-jurisdiction corporate acquisitions. Stephen is frequently praised by clients for providing cutting edge practical solutions.
Stephen also has represented U.S. issuers in the United States, foreign private issuers from numerous jurisdictions in Asia and global investment banks in connection with their capital markets transactions, including registered initial and follow-on public offerings in the United States, Rule 144A/Regulation S equity and debt offerings, block trades, dual listings and privatizations, and also assessing whether exemptions exist to the application of U.S. securities laws to overseas business transactions.
Stephen writes and lectures widely on his legal practice specialties.