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Opalesque Exclusive: Clifford Chance says foreign investors need to be more cautious when investing in Japanese companies Clifford Chance highlights in a Client Briefing entitled "Revision of Regulations of Foreign Investments in Japan under the Foreign Exchange and Foreign Trade Law" after the recent law changes:

Regulations under the Foreign Exchange and Foreign Trade Law (FIEL) were revised on 28 September 2007. The revisions include the following: (i) the scope of industries which require prior notification under the Regulations was widened, (ii) the scope of the transaction covered by the Regulations was revised and (iii) there was a change in administrative procedures. As a result of the revisions, foreign investors need to be more cautious when they propose investing in Japanese companies and more notifications under the Regulations can be expected. More details of the revisions can be found in our client briefing "Revision of Regulations of Foreign Investments in Japan under the Foreign Exchange and Foreign Trade Law".

The document can be downloaded from Opalesque by clicking here with permission from Clifford Chance.

For further information please contact Peter Kilner, peter.kilner@cliffordchance.com or Tatsuhiko Kamiyama tatsuhiko.kamiyama@cliffordchance.com......................

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