Compulsory execution is a powerful tool for creditors to recover assets from debtors who refuse to pay off their debt. However, as compulsory execution is based upon the power of a Japanese court of law, it is also limited by that same court’s power. Therefore, assets outside of the court’s jurisdiction will not be able to be reached by compulsory execution.
While Japanese courts will generally have jurisdiction over almost any asset in Japan, assets outside of Japan are normally not able to be reached by compulsory execution. For example, real estate, bank accounts, securities and vehicles held overseas cannot normally reached by a Japanese court’s power of compulsory execution.
If you have any questions about compulsory execution in Japan, please contact our office to set up a legal consultation.