The COVID-19 has had a profoundly adverse impact on society and global businesses. As a result of deteriorating market conditions, many foreign companies have been forced to cease their business operations in Japan through the liquidation or dissolution of their Japanese subsidiaries or affiliates.  Due to the unique liquidation procedures under Japanese law, however, some foreign companies have found it costly and time-consuming to liquidate their businesses in Japan.

Lexology GTDT Market Intelligence provides a unique perspective on evolving legal and regulatory landscapes. This interview is taken from the Restructuring & Insolvency volume discussing topics including asset purchase, notable filings and cross-border coordination within key jurisdictions worldwide.

GTDT: In the last year, have you seen any developments or trends in the nature and volume of insolvency filings?