If this email is not displayed correctly please click here

Capital Markets

08 January 2019
Sosuke Kimura Kyoto District Court rules on raising of capital by third-party allotment

Japan - Nagashima Ohno & Tsunematsu

The Kyoto District Court recently ruled in favour of a shareholder's petition that a listed issuer cease an offering of its new shares by third-party allotment on the grounds that the offering had been conducted through an 'extremely unfair method', despite having been approved by a resolution at the issuer's shareholders' meeting. The court adopted the main purpose rule in accordance with prior court rulings and concluded that the share offering's main purpose had been to reduce the petitioning shareholder's shareholding.

Author: Sosuke Kimura
Read more

Recent updates

Masaki Konishi Bond offerings under Japanese securities law

Japan - Nagashima Ohno & Tsunematsu

Author: Masaki Konishi
Daniel Bono New emergency measures to protect Swiss stock exchange infrastructure

Switzerland - Niederer Kraft Frey

Author: Daniel Bono
Dan Hirschovits Listing sovereign-controlled companies in the United Kingdom

United Kingdom - Davis Polk & Wardwell LLP

Authors: Dan Hirschovits, Jamie Corner
Anat Shavit Committee report on promotion of publicly traded infrastructure investment funds

Israel - Fischer Behar Chen Well Orion & Co

Authors: Anat Shavit, Yuval Peled