If this email is not displayed correctly please click here

Capital Markets

10 December 2019
Takashi Tsukioka Does Interest Rate Restriction Act apply to corporate bonds?

Japan - Nagashima Ohno & Tsunematsu

Interest rates applicable to loans made in Japan are subject to the Interest Rate Restriction Act, which is Japan's usury law. For decades, legal experts and others questioned whether this regulation also applied to corporate bonds, thereby affording bond issuers the same protections against high interest rates as those enjoyed by borrowers. This longstanding question appears to have been resolved by a recent Tokyo District Court judgment.

Author: Takashi Tsukioka
Read more

Recent updates

Michael D Birnbaum Supreme Court will decide courts' authority to order disgorgement in SEC enforcement cases

USA - Morrison & Foerster LLP

Authors: Michael D Birnbaum, Joel Haims, Jina Choi, Jordan Eth
Masaki Konishi Public consultation on appropriate choice and use of Japanese yen interest rate benchmarks

Japan - Nagashima Ohno & Tsunematsu

Author: Masaki Konishi