Understanding of the entire picture of the share ownership structure of listed companies in each country in general will provide an important perspective for analyzing the present takeover rules in that country, and also for considering appropriate regimes for takeover rules for the future. This...

This paper presents a solution for Japanese Companies Act and comparative law analysis on hypothetical case regarding “obligations of directors in takeovers”. It is based on “Mathias Siems and David Cabrelli (eds), Comparative Company Law - A Case-Based Approach, 2nd edition (Oxford, Hart...

This paper presents a solution for Japanese Companies Act and comparative law analysis on hypothetical case regarding “cross-border takeovers and takeover defences”. It is based on “Mathias Siems and David Cabrelli (eds), Comparative Company Law - A Case-Based Approach, 2nd edition...

This paper deals with the "Tender Offer" system and the "Large Shareholding Report" system under the Financial Instruments and Exchange Act of Japan. Before explaining the details of regulations, an introduction to the situation in Japan regarding tender offers and corporate takeovers is given

For a Japanese model of takeover rules, the following regulatory approaches may be considered:1) imposition of restrictions to unlimited share trading by means of defensive measures and/or by providing relevant provisions in the Companies Act, but with minimum restriction possible to the tender...

This paper attempts to highlight “the reality of the UK Takeover Panel” through the perspective of “Non-statutory takeover regulations and their changes” based on many interviews with UK M&A specialists including the UK Takeover Panel staffs . Ⅰ. Increasing Attention to UK-style...

This paper attempts to highlight “the reality of the UK Takeover Panel” through the perspective of “Non-statutory takeover regulations and their changes” based on many interviews with UK M&A specialists including the UK Takeover Panel staffs . Ⅰ. Increasing Attention to UK-style...

This is a short article on UK takeover regulations and was prepared for the meetings with the specialists on Takeovers in the UK. Further, “Notice to Advisers in Contested Bids” which was added at the end of this note is the notice put up on the wall of the waiting room of the UK Takeover Panel