Corporate Law
Japan's current corporate law is based upon the Commercial Code as amended through December 30, 2005. Shareholder liability rules generally follow American example. Under Japanese law the basic types of companies are:
- Limited liability partnerships (yūgen sekinin jigyō kumiai)
- Kabushiki kaisha (K.K.), similar to an Anglo-American corporation
- Godo kaisha (GDK), similar to an American limited liability company
- Gōmei kaisha (GMK), similar to an Anglo-American general partnership
- Gōshi kaisha (GSK), similar to an Anglo-American limited partnership
Read more about this topic: Law Of Japan
Famous quotes containing the words corporate and/or law:
“If when a businessman speaks of minority employment, or air pollution, or poverty, he speaks in the language of a certified public accountant analyzing a corporate balance sheet, who is to know that he understands the human problems behind the statistical ones? If the businessman would stop talking like a computer printout or a page from the corporate annual report, other people would stop thinking he had a cash register for a heart. It is as simple as that—but that isn’t simple.”
—Louis B. Lundborg (1906–1981)
“If one mistreats citizens of foreign countries, one infringes upon one’s duty toward one’s own subjects; for thus one exposes them to the law of retribution.”
—Johann Wolfgang Von Goethe (1749–1832)