An interview in which attorney Shibata Kentaro (柴田堅太郎) of LBX法律事務所 discusses concerns about abuse of takeover guidelines has been published as part of the DealMakers series. As the number of M&A transactions in Japan remains at a record-high level, the series examines the behind-the-scenes workings of deals and deal practice.
As the number of M&A transactions in Japan is said to be running at a record-high level, the behind-the-scenes workings of deals are considered difficult for employees on the ground to understand. The second installment of the DealMaker series, which covers deal practice, features attorney Shibata Kentaro (柴田堅太郎) of LBX法律事務所, who is familiar with the practical work of special committees.
Attorney Shibata is said to have pointed out concerns that guidelines may be abused in takeover situations. The article suggests that deal processes are required to be transparent and properly administered.
The article examines the relationship between deal practice and corporate decision-making, and develops a specific discussion of issues surrounding the application of takeover guidelines and corporate ethics.