OH-EBASHI English Newsletter 2021 Autumn Issue

2021.09.24

OH-EBASHI English Newsletter_2021 Autumn Issue was published.

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1. JCAA's Amended Expedited Arbitration Procedures, Reduced Administrative Fees and New Appointing Authority Rules
(by Miriam Rose Ivan L. Pereira and Aiko Hosokawa

A. Introduction
The Japan Commercial Arbitration Association("JCAA") recently amended the expedited arbitration procedures in its Commercial Arbitration Rules and Interactive Arbitration Rules to expand the scope of their application.
The new rules apply to cases filed on or after July 1, 2021. For cases commenced before such date, parties may agree to apply the new rules to their subsequent proceedings.
The JCAA also reduced the minimum amount of its administrative fees for the benefit of parties who wish to resolve small value claims using its services. Moreover, the JCAA launched a new set of Appointing Authority Rules effective from July 1, 2021 to fill a vacuum concerning ad hoc arbitration cases.
This article will first describe the key changes to the expedited procedures of the Commercial Arbitration Rules (which changes were similarly reflected in the corresponding provisions of the Interactive Arbitration Rules). Thereafter, the amendments to the administrative fees of the JCAA and the new Appointing Authority Rules will be discussed..(Please click here to read more

2. Japan's Revised Corporate Governance Code (by Yuzo Ogata

A. Introduction
On June 11, 2021, Tokyo Stock Exchange, Inc. ("TSE") released the latest revision to Japan's Corporate Governance Code (the "Code").1 The Code was put together in 2015 and first revised in 2018. It establishes the fundamental principles for effective corporate governance at listed companies in Japan. The recent second revision of the Code aims to advance governance reforms to promote the continuous growth of companies and increase their corporate value over the mid- to long-term in light of the changing environment surrounding business firms triggered by the COVID-19 pandemic....(Please click here to read more

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