In connection with the recent globalization of Japanese companies' activities, it has become increasingly necessary to consider compliance by including overseas subsidiaries and affiliates. As the situations in overseas countries vary widely, there exist some countries where the discretion of governmental authorities is great, and laws and regulations are unclear. In some countries the penalties for breaches of laws and regulations are more severe than in Japan. It is indispensable for a company to appropriately understand the situation of each jurisdiction where the subsidiaries and affiliates are located, and obtain an accurate understanding of the applicable laws and regulations of such jurisdictions. Moreover, it is not uncommon for employees of Japanese companies to be arrested unexpectedly for breaches of laws they are unaware of. N&A, by collaborating with foreign firms, if necessary, provides comprehensive advice regarding the creation of a global compliance structure.
Recent cross-border investigations by the Japanese Securities and Exchange Surveillance CommissionArticles
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