A company contracted to perform an obligation for another company that enters bankruptcy usually has the option to unilaterally cancel the contract. Since the bankrupt company may not be able to pay the contracting company for the work it completes, it would be unfair to keep the contractor strictly bound to the terms of the agreement.
Child support in Japan is calculated by comparing the total income of each of the child’s parents. Therefore, how the total income of each parent is calculated is critical to determining how much child support will be paid. To set an easy to use standard for determining total income, the Japanese courts use parents’ tax returns to prove total income. For parents who are employed by a company, the “paid amount” as shown on the tax return will be used as the parent’s total income. For parents who are self-employed, the “taxable income” will be used as the total income […]
There are only four criteria for someone to be granted a visa in Japan. However, satisfying some requirements is easier than others. First, the applicant must have a valid passport. Second, the applicant must have accurately completed all necessary documents for the visa application. Third, the activities that the applicant plans to engage in while in Japan must be legitimate and meet the requirements of the visa. Finally, certain people defined in the Immigration Control Act (such as those with a dangerous infectious disease) can be denied a visa to enter Japan.
When used in the insurance context, subrogation refers to an insurer’s ability to pursue a third party for the payments it made to the insured party. Naturally, this is beneficial for the insurance company as it is able to recoup its losses. However, the parties to the agreement may wish to prevent this subrogation for other reasons.