Japan: Insolvency/Bankruptcy

On January 22, 2025, the "Working Group on Payment Services System, etc." of the Financial System Council published its report on payment services systems...

In restructuring proceedings, the creditor cannot take the initiative, nor do they have the right to control the proceedings, both institutionally and factually, in Japan.

According to the report by the Japan Securities Dealers Association and the Japanese Bankers Association (Securitisation Market Trends Survey Data)...

Under current Japanese business recovery practices, the term ‘pre-packaged’ is used more broadly than in Chapter 11 of the US Bankruptcy Code.

Despite the substantial amount of lip service being paid to the revitalizing role that could be played by mergers and acquisitions, the fact is that Japan remains a significantly under-developed market for public M&A activity. Year-on-year change rates are high but M&A as well as inward FDI are miniscule compared to other major OECD nations.