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Japan: Supreme Court Affirms Extraterritoriality of Antimonopoly Act

(Dec. 19, 2017) On December 12, 2017, Japan’s Supreme Court ruled that the national Fair Trade Commission (FTC) can impose surcharges on firms that join cartels established overseas if the cartels impair the free competition of the Japanese market.  (Sup. Ct., Dec. 12, 2017, 2016 (Gyo-hi) No. 233, Courts in Japan website (in Japanese).) Japan’s […]

ASEAN/Hong Kong: Negotiations Concluded on Free Trade and Investment Agreements

(Oct. 13, 2017) On September 9, 2017, Hong Kong and the Association of Southeast Asian Nations (ASEAN) announced that they had concluded negotiations on a Free Trade Agreement (FTA) and a related Investment Agreement. (Press Release, Hong Kong and ASEAN Conclude Free Trade Agreement Negotiations, Trade and Industry Department of the Government of the Hong Kong […]

Indonesia: Anti-Money Laundering and Terror Funding Rules Tightened

(Oct. 3, 2017) On September 13, 2017, Bank Indonesia, known in Indonesian as Bank Sentral Republik Indonesia, issued a new regulation designed to further limit money laundering and financing of terrorism. (Indonesia Tightens Rules to Curb Money Laundering, Terror Funding, REUTERS (Sept. 13, 2017).)  The regulation applies to non-bank financial service providers, including institutions that […]

Japan: Basel Act Amended

(Sept. 12, 2017) The Act on Control of Export, Import, etc. of Specified Hazardous Wastes and Other Wastes (Basel Convention Act, Act No. 108 of 1992, E-GOV (in Japanese) is a Japanese domestic law corresponding to the Basel Convention to protect human health and the environment against the adverse effects of hazardous wastes.  (Overview, Basel […]

Japan: Chemical Substances Control Law Amended

(Sept. 6, 2017) Japan’s Chemical Substances Control Law (CSCL) aims to prevent environmental pollution caused by chemical substances that pose a risk to human health and interfere with the habitat and healthy development of flora and fauna.  (Act on the Evaluation of Chemical Substances and Regulation of Their Manufacture etc., Act No. 117 of 1973, […]

Netherlands: Draft Law on New International Commercial Court

(Aug. 11, 2017) On July 18, 2017, Stef Blok, Minister of Security and Justice of the Netherlands, submitted draft legislation to the Dutch House of Representatives (Tweede Kamer) on the establishment of a new commercial court that would have the authority to render judgments in English on complex international trade disputes involving the Netherlands. (Legislative […]

China: Banks Ordered to Report Overseas Transactions of Chinese Bank Cards

(Aug. 10, 2017) In June 2017, China’s foreign exchange regulator, the State Administration of Foreign Exchange (SAFE), ordered banks in China to collect information, on a daily basis, of overseas transactions made on Chinese bank cards. Starting September 1, 2017, any overseas cash withdrawal or single purchase made with an amount of more than RMB1,000 […]

China: National Plan on Banning “Foreign Garbage” and Reducing Solid Waste Imports

(Aug. 8, 2017) On July 27, 2017, China’s State Council released the Implementation Plan on Banning Entry of Foreign Garbage and Reforming the Administrative System of Solid Waste Importation (Plan). The Plan announces that by the end of 2017 solid waste posing a serious threat to the environment and causing widespread public concern will be […]

Japan/India: Diet Approves Civil Nuclear Cooperation Agreement

(June 14, 2017) The upper house (House of Councillors) of the Diet (Japan’s parliament) approved the Japan-India Civil Nuclear Cooperation Agreement on June 7, 2017. (Information on Bills: Japan-India Civil Nuclear Cooperation Agreement, House of Councillors website (in Japanese).) The Agreement had previously been signed on November 11, 2016. (Reason for Submission: Treaty No. 3, […]

United Nations/North Korea: Additional Sanctions Adopted

(June 7, 2017) On June 2, 2017, the United Nations Security Council unanimously adopted Resolution 2356 (2017), sponsored by the United States, “to extend the number of individuals and entities targeted by sanctions first imposed under resolution 1718 (2006) — an asset freeze and travel ban for those involved in the Democratic People’s Republic of […]