Under the current economic conditions in which the Japanese market has matured and Asian countries have been achieving significant economic development, the number of Japanese companies are now expanding their businesses than ever before to Asian markets by, among others, shifting their manufacturing bases to Asian countries such as China, Indonesia, Vietnam, Thailand, Malaysia, Singapore, Hong Kong, India, Myanmar and Cambodia.

The choices of foreign investment destinations are becoming more and more important, in terms of protection of know-how, country risk, labor cost and tax system. Many companies who are already in Asia are considering relocation due to significant changes of these underlying circumstances.

From a legal perspective, it is important from the planning stage to compare the legal systems, such as corporate laws, foreign investment regulations, foreign currency regulations, real estate regulations, intellectual property laws, labor laws, tax laws and dispute resolution methods, of each of the candidate countries.

At present, the legal systems across Asian countries are completely different from each other. However, depending on the turnout of Trans-Pacific Strategic Economic Partnership Agreement (TPP), a giant free trade zone may be established and significant reform in the legal system of each participant Asian country is expected to follow. City-Yuwa Partners is strengthening its networks with leading law firms in Asian countries and is compiling updated legal information of each Asian country by, among others, temporarily exchanging young lawyers with leading law firms in Asia, such as China, India and Singapore. By taking such steps, City-Yuwa Partners offers legal services to clients by working closely with specialized lawyers in Asia.

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