We are pleased to share the February 2022 issue of Japan Corporate & Finance Insights. This newsletter is designed to keep you current on what we consider to be important recent legal developments involving Japanese corporate and finance matters. The present issue relates to the Companies Act, which was amended in December 2019.
Amendment to the Companies Act – Bonds (By Issei Shinohara and Ryohei Akizuki)
This article mainly focuses on newly introduced provisions regarding Bond Administration Assistants. A new system has been introduced to enable companies to more easily entrust third parties with certain administrative tasks to assist bondholders in the administration of their bonds, as compared to using Bond Administrators. Further, this article provides information on amendments regarding Bondholders Meetings, which are extraordinary meetings by bondholders to resolve statutory matters and other matters relevant to their interests.