Duties of Statutory Auditor
On July 19, 2021, the Supreme Court rendered a decision on the duties and responsibilities of a statutory auditor in a case where a company sued its statutory auditor for a $2 million embezzlement by its employee. This…
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On July 19, 2021, the Supreme Court rendered a decision on the duties and responsibilities of a statutory auditor in a case where a company sued its statutory auditor for a $2 million embezzlement by its employee. This…
If you are not happy with the performance of your Japanese subsidiary or just acquired a Japanese company, you may come across an occasion to replace your directors in the company. As long as you have the majority…
On June 19, 2020, the Japanese government published a Q&A memorandum stating that placing a seal is not absolutely necessary to enter into a contract. This was made in response to the requests by Keidanren and other…
On December 4, 2019, a bill to amend the Companies Act passed the Diet and was enacted. The amendment will be effective in 18 months from December 11, 2019, the date of promulgation. This amendment includes a wide…
On February 21, 2017, the Third Petty Bench of the Supreme Court rendered a decision that a closed company with a board of directors may appoint a representative director by a resolution of the shareholders’ meeting, as…
When starting a business, people often wonder whether they should set up a corporation and, if so, which type of corporation to choose. Given the number of new entries into the Japanese market, it seems likely that many…
Articles reflect the law as of their publication date and have not been updated since.