June 28, 2023
Japan Fair Trade Commission
For the purpose of ensuring the transparency of reviews undertaken by the Japan Fair Trade Commission (hereinafter referred to as “JFTC”) on business combinations, and for the purpose of improving the predictability of the JFTC's reviews on the cases, the JFTC has published “Guidelines to Application of the Antimonopoly Act concerning Review of Business Combination (May 31, 2004, JFTC. Hereinafter referred to as the “Business Combination Guidelines”)”in applying the Antimonopoly Act (hereinafter referred to as the “AMA”) to the JFTC's reviews on the business combinations. In addition, the JFTC has also published the results of the reviews of major business combinations cases each fiscal year.
This year, the JFTC also publishes the results of reviews of major business combinations in fiscal year 2022 along with the status of notifications regarding business combinations in fiscal year 2022.
The JFTC sincerely hopes that companies planning business combinations will make use of the published outcomes of the JFTC's reviews of major business combinations, as well as the Business Combination Guidelines.