The Japan-Russia relationship. Credit: andriano_cz/Adobe Stock Russia's Draft Nationalization Law Causing Concern Among Japanese Companies
A draft law that would allow the Russian government to seize foreign assets in the country has sent shockwaves through corporate Japan, and the rapid exit of U.K. and U.S. law firms has caused some of them to scramble to find alternative outside counsel.
April 14, 2022 at 09:00 PM
5 minute read
Many Japanese corporations, like their counterparts around the world, have suspended operations in Russia since it invaded Ukraine in February. But some are still operating in the country as usual, fearful that their businesses will be seized and possibly nationalized by the Russian government if they close down or suspend operations there, lawyers in Japan say.
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