Archive for May, 2018

The Commercial Code Revision Act has been passed!
What effect will the first revision in 120 years have on transportation business?

By Kazuya Yamashita and Peter Cassidy
 

The “Commercial Code and Act on International Carriage of Goods by Sea Revision Bill” that was before the current Diet session has been enacted with its passing by the House of Councillors on 18 May 2018. This is the first revision of the Commercial Code’s provisions on transportation and maritime commerce in approximately 120 years, following the Code’s original enactment in 1899.

The previous column provided an overview of the Bill and described the history leading up to its submission to the Diet. This time we will look at the scope and the important themes of the enacted bill. This column will provide a summary of the revisions and the practical effect they will have on transportation businesses in the areas of:

  • the shipper’s duty to declare dangerous goods
  • extinguishment of claims against a carrier if not commenced within one year
  • the invalidity of indemnity clauses that reduce a carrier’s liability for a passenger’s death or personal injury

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Towards a Japan the World Wants to Visit – An Introduction to the “Departure Tax”

By Kengo Hashiba

Japan the Tourism Nation

On 28 March 2017 the Japanese government gave Cabinet approval to the “Tourism Nation Promotion Basic Plan”. This policy sets various targets, including 40 million foreign tourists visiting Japan by 2020, and defines the government measures required to achieve them. According to Japan Tourism Agency statistics, the number of foreign visitors to Japan has risen from 19.7 million in 2015, to 24.0 million in 2016 and 28.7 million in 2017, with a further increase anticipated in 2018.   Japan will host the Rugby World Cup in 2019, followed by the much-anticipated Tokyo Olympics in 2020. I hope that the foreign tourists attending these and other events enjoy Japan and become regular visitors.
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“Qualified acceptance in practice (4)
– Finalising the process”

By Takuya Murao

 
In my previous column I discussed the detailed steps in the very particular liquidation process. Once you are able to overcome the large obstacle that is the liquidation process, the end of the difficult procedure comes into view, so I would like to end this series of columns by touching upon the finalisation of the qualified acceptance process.
 
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