Asia/Japan - Page 3

Japan could be the first country to classify Bitcoin as legal currency

The governing Liberal Democratic Party plans to submit legislation reclassifying bitcoin and other cryptocurrencies, which are currently considered commodities, to Japan's parliament by June.

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Law firm launches group focuses on Japan's auto sector

The issues faced by the automotive industry in Japan has led to Baker & McKenzie (Gaikokuho Joint Enterprise) establishing a focus group for the sector.

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Japan to extend privacy laws to protect genetic data

The Japanese government has decided to revise the country's privacy laws in order to clarify protections for personal genetic data, ending ongoing uncertainty around the legal status of genome-based information.

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Japan at work on laws for driverless cars

The Japanese government and manufacturers are setting their sights on 'complete driverless driving', which would eliminate accidents caused by human error and ease traffic congestion.

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Japan introduces drone rules as popularity grows

Japan made amendments to its Civil Aeronautics Act this month in order to allow the use of drones in areas where they are deemed safe.

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King & Spalding adds fourth Ashurst partner to Tokyo office

The office is particularly intended to strengthen the firm's global energy practice, with all four of the Ashurst group being energy specialists.

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Yakuza HQ raided over suspected fraud

Police have searched the Kobe headquarters of the Yamaken-gumi. It is the yakuza group's first police raid since it was ousted from the Yamaguchi-gumi, in a rupture of Japan's largest crime syndicate.

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Japan charges Bitcoin exchange CEO with embezzlement

Japanese prosecutors have charged the head of collapsed Bitcoin exchange MtGox with embezzlement, amid allegations of fraud relating to the disappearance of hundreds-of-millions-of-dollars with of the virtual currency.

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Toshiba admits losses after accounting scandal

After coming clean in its twice delayed annual results, it emerges that Toshiba overstated its profits by nearly US$2bn over seven years.

Japanese firm in IT start-up first with Bank of Tokyo-Mitsubishi

A medium-sized, Osaka-based law firm specialising in IP is setting up a joint programme with BoT-M, through which it will help to protect the products and systems of SMEs and venture companies in the high-tech sector.

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Big Four Japanese firm opens fourth domestic office

Mori Hamada & Matsumoto, the Tokyo-based practice whose clients include Panasonic and Sanyo Electronics, is to open a three-lawyer base in Nagoya in September.

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Sidley Austin and Squire Patton face accusations over alleged client perjury

The two law firms face accusations that they did not reveal alleged false testimony made by their client, Mitsubishi, in court hearings.

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Lawyers play leading role in clear up of Toshiba profits scandal

Toshiba is including a lawyer in its six-person revitalisation committee whose aim is to prevent further improprieties occurring after recent revelations about the over-statement of profits for six years.

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Top Japanese law firm embarrassed by Toshiba accounts scandal

The leading Japanese firm Mori Hamada & Matsumoto featured Toshiba in a corporate governance book it published in May, unaware of the fact that the company had been routinely overstating its results over the previous six years.

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Harneys launches third Asian office in Tokyo

Offshore law firm Harneys has established an office in Tokyo as part of an expansion plan that saw the firm open its doors in Hong Kong in 2005 and in Singapore last year.

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Baker adds arbitration partner in Tokyo

Baker & McKenzie has expanded its disputes practice with the hire of Joel Greer as a partner in its Tokyo office.

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Unclear rules on warranty services complicate Japanese insurance market

The distinction between warranty and insurance services in Japan is far from clear - but it can be crucial for players in the market to understand the issues around it.

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Four-partner Ashurst team to launch Tokyo office for King & Spalding

John McClenahan, former managing partner of Ashurst in the City, will become managing partner of the new King & Spalding office in Tokyo with an initial focus on energy and project finance.

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Withers continues rapid expansion phase with launch of Tokyo tax practice

The 150-partner law firm, fresh from expanding on the east and west coasts of the US, is adding an affiliate office in Japan which will specialise in corporate tax.

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Japanese corporate counsel have less pricing challenges

Japanese legal departments are facing less pressure to reduce costs than their colleagues in other countries but risk and regulation is still a challenge.