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Results: 1-10 of 21

Former Olympus chairman arrested for fraud
  • Locke Lord LLP
  • Japan
  • March 2 2012

Former Chairman Tsuyoshi Kikukawa and two other executives at leading camera manufacturer Olympus have been arrested in connection with their alleged involvement in an accounting fraud


Japan, Switzerland and Italy not doing enough to fight bribery of foreign public officials
  • Locke Lord LLP
  • Italy, Japan, Switzerland
  • February 13 2012

The governments of Japan, Italy and Switzerland have been criticised by the Organisation for Economic Cooperation and Development (OECD) for not doing enough to fight bribery of foreign officials


A reinsurance perspective: the aggregation of losses following the Tohoku earthquake and tsunami
  • Locke Lord LLP
  • Japan
  • December 23 2011

The converging events that led to the devastation in Japan will raise a number of issues relating to the aggregation of losses under reinsurance contracts


Japan reinsurance losses estimated at $30 billion
  • Locke Lord LLP
  • Japan
  • July 22 2011

Reinsurance broker Holborn reported that losses from the Japanese earthquake and tsunami could reach an all-time high for reinsurers at $30 billion, according to a recent article in the Insurance Insider


Personal dwelling losses top $2 billion in Japan
  • Locke Lord LLP
  • Japan
  • June 9 2011

A recent Business Insurance article reported that Japanese insurers have paid almost $2.27 billion to cover approximately 125,000 claims associated with earthquake damage to personal dwellings stemming from the March 11 tsunami and earthquake that devastated Japan


Japan earthquake and other catastrophes likely to erase close to 25 of profit for reinsurers
  • Locke Lord LLP
  • New Zealand, Australia, Japan
  • April 19 2011

Recent global catastrophes are likely to erase close to 25 of first quarter profits for reinsurers with exposure to the Japan and New Zealand earthquakes as well as the Australia floods, a recent MarketWatch article reported


Japan raises nuclear alert level not seen since Chernobyl
  • Locke Lord LLP
  • Japan
  • April 12 2011

Japan is planning to raise the nuclear alert level at the Fukushima Daiichi power plant to a maximum seven ("Major Event") on the International Nuclear and Radiological Event Scale (INES), putting this emergency on a par with the 1986 Chernobyl disaster


Japan's government will likely bear most of the damages resulting from the earthquake
  • Locke Lord LLP
  • Japan
  • March 17 2011

According to a recent article in the New York Times, insurance and reinsurance companies from Japan and abroad, as well as hedge funds and other investors in catastrophe bonds, are expected to bear a relatively small portion of the losses stemming from the earthquake and resulting tsunami, which is expected to exceed $100 billion


Japan imposes new sanctions against Iran
  • Locke Lord LLP
  • Iran, Japan
  • September 7 2010

Japan moved to impose new sanctions against Iran on September 3, 2010, including freezing the assets of people and entities associated with its nuclear program and imposing tighter restrictions on financial transactions


New Japanese insurance law concerning insurance contracts comes into force
  • Locke Lord LLP
  • Japan
  • April 8 2010

The new Japanese Insurance Act (the Insurance Act), which was passed by the Japanese Diet in May 2008 came into force on 1 April 2010