Date: Thursday, May 18, 2017
Time: 12:00 - 14:00
Venue: Tokyo American Club, B2 Manhattan
Speaker: Seth Fischer, Founder and Chief Investment Officer, Oasis Management
Hosting Committees: Banking, Finance and Capital Markets; Alternative Investment Subcommittee
Member Fee: ¥3,800
Guest Fee: ¥7,200
Meal: Plated Lunch
Registration/Cancellation Deadline: Monday, May 15, 12:00
This special luncheon will be divided into two sections: Banking, Finance and Capital Markets Committee Meeting (12:00-13:00); followed by a speaker presentation hosted by the Alternative Investment Subcommittee (13:00-14:00).
Banking, Finance and Capital Markets Committee Meeting (12:00-13:00)
1. Macro Economics
2. Government & Politics
3. Legislative and Legal Update
4. Regulatory Developments
5. Technology and infrastructure
6. ACCJ Update
7. Other Industry Associations
8. Upcoming Events
"Engagement Investing: A Hedge Fund Perspective on Japanese Equities" - Presentation hosted by the Alternative Investment Subcommittee (13:00-14:00)
Divorce and Marriage
Global M&A standards and Japan
Protecting Minority Shareholders in the Event of Related-Party Acquisitions.
Minority shareholders are easy victims for majority shareholders in an acquisition. Without a set of legal protections, they can have their shares usurped from them easily at a discount to their fair value. We have identified three different methods of protecting minority shareholders globally. Two of those models have succeeded in increasing the protection of minority shareholders and has resulted in the promotion of robust capital markets and fairer tender offer prices for listed companies with large shareholders.
Japan has seen an expansion in the consolidations of listed minority stakes by their listed parents as a result of the increasing importance of corporate governance. We applaud this; however there needs to be a swift revision of best practices in related party acquisitions in order to protect minority shareholders. This is extremely timely as there have been several consolidations announced in the past few weeks.
In this talk, we will walk through the three global models, Japan’s historic model and the global best practices for mergers and acquisitions. We will also review the shortcomings and abuses in various historic acquisitions and the potential defenses that minority shareholders can employ against those abuses.
For more information about the speaker, please click here.
Please join us for this special luncheon session.
Junichi Maruyama, Mitch Mason, Co-chairs
Hiroshi Ueki, Vice Chair
Andrew Conrad, Board Liaison
ACCJ Banking, Finance & Capital Markets Committee
Frank Packard, Christopher P. Wells, Co-chairs
Jenifer Rogers, Vice Chair
Andrew Conrad, Board Liaison
ACCJ Alternative Investment Subcommittee
NOTE 1: The Banking, Finance and Capital Markets Committee meeting section of this event (12:00-13:00) is OFF THE RECORD. Mr. Fischer's presentation (13:00-14:00) is ON THE RECORD.
NOTE 2: If you cancel after the stated deadline, the full meeting fee will be charged to your account. Sorry, no substitutions or walk-ins.
NOTE 3: If you are driving to Tokyo American Club, please inform the ACCJ in advance as arrangements must be made and a 1,100 yen parking fee will apply.