On January 1, 2010, amendments to the Japanese Anti-Monopoly Act (the “AMA”) that substantially revise Japan’s pre-merger notification system came into effect. Although the amendments do not alter the legal standards under which the Japan Fair Trade Commission (“JFTC”) evaluates proposed transactions, they have changed the AMA to:
*Require a pre-closing notification for certain acquisitions of voting securities
*Revise the pre-merger notification thresholds
*Modify the requirements for the acquisition of voting securities by partnerships
Please see full update below for more information.
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