NEWS
On April 1, 2024, partially amended Arbitration Act and related Acts came into force
APR 01 , 2024
1. Establishment of a System Enabling Enforcement based on an Order for Interim Measures
– This allows a court to issue an enforcement approval order for an interim measure, which is an order by an arbitral tribunal to preserve rights and evidence until an arbitration award is issued.
– In judicial proceedings in Japan for obtaining enforcement approval orders for arbitral awards, if the court finds it appropriate, the court may decide not to require the submission of a Japanese translation of the arbitral award.
– In judicial proceedings in Japan for obtaining enforcement approval orders for arbitral awards, parties may file a petition in the Tokyo or Osaka District Court as well as in courts with original territorial jurisdiction.
2. Establishment of a System Enabling Enforcement based on Settlement Agreements resulting from mediation
– This allows a court to issue an enforcement approval order for a settlement reached in international mediation (International Settlement Agreement, “ISA”) as defined by the United Nations Convention on International Settlement Agreements Resulting from Mediation (“the Singapore Convention on Mediation”).
* Applicable to settlement agreements relating to commercial disputes
For details, please see the website of Ministry of Justice.