This article examines the application of a business judgment rule in Japan, a civil law jurisdiction with a statutory scheme that is different from that of either the United States of America or Australia. As will be seen, in spite of these differences, a business judgment rule similar to that in the United States of America appears to be developing.
Beyer, Vicki L.
"Judicial Development of a Business Judgment Rule in Japan,"
Bond Law Review:
2, Article 5.
Available at: http://epublications.bond.edu.au/blr/vol5/iss2/5