ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Opinion

Japanese courts must backstop protections for minority shareholders

Takeover bids involving Line, FamilyMart and Nichii Gakkan deserve scrutiny

| Japan
Why hasn't Line's special committee revisited the pricing issue after ten eventful months? 

Stephen Givens is a corporate lawyer based in Tokyo.

A flurry of bids to take "listed subsidiaries" private is testing the integrity of Japan's legal protections for vulnerable minority shareholders in transactions where conflicts of interest are rife, and the controlling shareholder holds all the cards.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more