City-Yuwa Partners


CY is a leading multi-practice business law firm which consists of approx. 160 lawyers (including those qualified in the U.S.) as well as patent attorneys, judicial scriveners, administrative scriveners and numerous paralegals specializing in corporate matters, trademarks, translations, insolvency cases and court procedures.

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Corporate Finance/M&A

How to handle the target's employment contracts in an M&A transaction
Japan | 27 January 2021

When conducting M&A transactions in Japan, one of the most important considerations is how to handle the target's employment relationships. In Japan, it is generally difficult for an employer to dismiss employees or change their employment conditions to ones which are disadvantageous without obtaining the employees' consent. Therefore, buyers must carefully examine a target's existing employment contracts and the effects of the M&A transaction on its employment relationships.

Scheduling M&A transactions: practical considerations regarding FDI
Japan | 02 December 2020

When a non-Japanese company or investor proceeds with an M&A transaction in Japan, one of the key regulations to observe is the Foreign Exchange and Foreign Trade Act (FEFTA), which regulates foreign direct investment (FDI). However, regulation under the FEFTA can delay the M&A transaction schedule. Therefore, this article sets out practical considerations relating to Japan's FDI regulations which non-Japanese companies and investors should bear in mind when scheduling an M&A transaction.