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The upper house of the Japanese parliament passed a set of corporate laws Wednesday including one to legalize cross-border stock swaps that will make it easier for non-Japanese companies to acquire domestic ones. The government hopes the reforms will kick-start the moribund Japanese economy by boosting foreign direct investment. The United States and the European Union have been lobbying hard for the legalization of cross-border stock swaps, also known as triangular mergers.
June 30, 2005 at 12:00 AM
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The original version of this story was published on Law.Com
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