NO INJUNCTION ON MASSIVE CORPORATE CAPITAL INCREASE
KEYWORDS: CORPORATE LAW, MAJOR SHAREHOLDER, CAPITAL INCREASE

The Tokyo District Court refused to grant an injunction sought by CSK corporation against BellSystem24. CSK, the company’s largest shareholder had complained that a massive private share placement by BellSystem24, larger than existing total capital, would dilute its status as the lead shareholder. The court found however the business needs justified the financing.

Copyright 2005. All rights reserved Attorney Roderick H. Seeman

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