Clifford Chance
The Industrial Revitalisation Law Amendment
6 June 2011
An amendment in respect of the Law on Special Measures for Industrial Revitalisation and Innovation was passed by the Diet on 18 May 2011 and promulgated on 25 May 2011. The amendment is mainly aimed at accelerating strategic industrial reorganisation to strengthen the global competitiveness of Japanese industries. The amendment contains certain new special measures which may influence M&A transactions.
We have previously explained the main points of the amendment at the time of submission of the amendment bill in our Client Briefing "Amendment Bill of the Industrial Revitalisation Law" (April 2011), however, as the House of Representatives has revised the amendment bill, we will re-address the main points again herein.
