Corporate Law Reform in Japan 2001/2002: Deregulation of Company Law?

Abstract

I. Introduction
II. ‘Deregulation’ of Company Law
1. Total Liberalisation of Share Buy-Backs
2. Liberalisation of the Size of Shares
3. Pre-emption Rights for New Shares
4. New Classes of Shares
III. Corporate Governance
1. Liability of Directors
2. The Reform of the Board System
IV. Other Changes
1. Introduction of Communication Technology in Corporate Matters
2. The Accounting System
3. Foreign Companies
V. Concluding Remarks