Japanese Commercial Transactions and Sanctions Revisited: Sumitomo v. UFJ
As Japan’s “bubble economy” collapsed in 1989, Japanese government and industry turned to deregulatory policies as a way of restructuring the economy. As part of that process, formal law, legal institutions, and lawyers were all elevated as regulatory techniques. Rule-based, hierarchical controls became more visible.1 At the same time, informal regulation through changing social norms, industry practices, and selfregulation tools such as codes of conduct and ethics emerged in...[Show more]
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|Source:||Washington University Global Studies Law Review|
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