FAQ Archives - Page 37 of 93 - Ohara & Furukawa

February 23, 2017

What mergers can corporations employ in Japan?

Mergers are a major part of growing a business into a new overseas market. In Japan there are two types of mergers: Absorption type mergers and Consolidation type mergers.

February 21, 2017

What is a Priority Certificate?

A priority certificate provides official proof of a patent application in Japan. This request can be made by filling out and submitting a form, along with a small fee. The form needs to be submitted in Japanese.

February 17, 2017

Is it legal for a will to not leave anything for a spouse or child?

The advantage of drafting a will in Japan is that the drafter can choose who to give his or her assets to and in what amounts. However, there are limits on how freely property can be distributed after death in Japan. Japanese law dictates that, regardless of what is stated in a will, spouses and children are entitled to part of the decedent’s estate. This minimum is set by law and can be claimed by spouses and children upon request to the court.

February 13, 2017

Who petitions for a bankruptcy in Japan?

In Japan, bankruptcy petitions can be brought by a variety of parties. The most common situation is for the debtor to file for bankruptcy personally as a way to escape payment, but this does not always happen. When a debtor refuses to file bankruptcy, it is often left to the creditor to file for bankruptcy on behalf of the debtor and submit evidence of unpaid debt as proof that the debtor can no longer make payments on debts.