On June 3, 2009, a number of amendments (the “Amendments”) to the Act governing the Prohibition of Private Monopolization and Maintenance of Fair Trade (the “Act”) were passed by the National Diet of Japan. The Amendments comprise of several changes to the existing Act, including an increase in the number of potential leniency applicants accepted under the existing leniency programme, an extension of the statute of limitation for administrative orders and the introduction of special rules relating to document production orders issued by courts. However, one of the most significant changes brought about by the Amendments is likely to
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The Japanese Parliament adopts a pre-notification system for share acquisitions and modifies existing notification thresholds
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