News & Blog

February 24, 2016

If a debtor goes through bankruptcy, will the creditor get any money back?

Bankruptcy is a judicial process by which a debtor’s assets are divided among his or her creditors to pay off as much of the debtor’s debt as possible. To achieve these ends, the debtor’s assets will be converted to money in order to be fairly divided among creditors.
February 24, 2016

What types of bankruptcy are possible in Japan?

In Japan, there are two main laws that deal with companies that are in dire financial condition: rehabilitation laws and insolvency laws.
February 24, 2016

Is gambling legal in Japan?

Gambling is prohibited under Japanese law and anyone caught gambling can be punished with a fine of up to 500,000 yen. Someone who organizes a gambling group or runs a place for gambling can be punished with up to 5 years of prison.
February 24, 2016

What is the punishment for possessing marijuana in Japan?

Drug related crimes are taken very seriously in Japan. The Cannabis Control Act criminalizes the import, export or growing of marijuana in Japan and orders heavy punishment for those that break the law. Growing, importing or exporting marijuana in Japan can be punished with up to 7 years in prison. However, engaging in any of those acts with the intent to profit carries a heavier punishment of imprisonment for up to 10 years. Similarly, simple possession of marijuana carries a sentence of up to 5 years of prison, while possession with the intent to profit is punishable by up to […]