https://legal.excellentwiki.com/japan/insolvency-law/Recent content in Insolvency Law on ExcellentWiki - Legal EncyclopediaHugoen-USTue, 07 Jul 2026 00:00:00 +0000https://legal.excellentwiki.com/japan/insolvency-law/japan-insolvency-law/Tue, 07 Jul 2026 00:00:00 +0000https://legal.excellentwiki.com/japan/insolvency-law/japan-insolvency-law/<h2 id="overview-of-japanese-insolvency-law">Overview of Japanese Insolvency Law</h2> <p>Japanese insolvency law comprises four principal statutes, each governing a distinct procedure: the <strong>Bankruptcy Act</strong> (<em>Hasen Ho</em>, Act No. 75 of 2004, replacing the 1922 Act), the <strong>Civil Rehabilitation Act</strong> (<em>Minji Saisei Ho</em>, Act No. 225 of 1999), the <strong>Corporate Reorganization Act</strong> (<em>Kaisha Kosei Ho</em>, Act No. 154 of 2002), and <strong>Special Liquidation</strong> (<em>Tokubetsu Seisan</em>), which is a court-supervised winding-up procedure under the Companies Act (Act No. 86 of 2005). This quadripartite structure reflects Japan&rsquo;s post-bubble legislative response to the systemic non-performing loan crisis of the 1990s, during which a debtor-friendly, out-of-court culture of informal restructuring proved inadequate for the scale of corporate distress.</p>