When forming a corporation in Japan, especially a company with multiple directors on its board, it is not unusual to have the shareholders appoint a company auditor as well. The company auditor system is relatively unique to Japan and is rarely seen in corporate legal systems in America or Europe. However, the position of company auditor has a long history in Japan and therefore has been incorporated into the modern Company Act.
Plaintiffs who feel that their patent was denied improperly can appeal the rejection of a patent application through the Japan Patent Office rather than resort to the courts. This appeal must be made within three months of the rejection.
These days, email exchanges have become ubiquitous and most business communication is now done over the internet rather than a phone line. This change in business norms has provide a great boost for creditors attempting to enforce debts because email exchanges between creditors and debtors often provide solid evidence of the existence of a debt and the debtor’s obligation to pay.
In Japan, inheritance tax is charged against the beneficiary receiving the inheritance. This is in contrast to other countries where the estate is taxed before being divided among the heirs. Therefore, because the tax is charged based upon the asset each heir receives, the amount of tax each heir owns will necessarily be different.