Asset Search Services in Japan
by Japan PI
Asset Search in Japan
First of all, Japanese laws have crucial flaws in terms of locating assets for a debt collection purposes. You can execute the right of legal attachment but no official laws or organization gives you a right to access asset related information.
It is often said that a court judgement is no more than a piece of paper against those who do not care about their social status and intentionally hide their assets.
Real Estate Property Ownership
It is possible on the best efforts basis because real estate registry database at Local Legal Affair Bureau does not equipped to enable a property search from a name. But we can get access to proprietary databases that accumulate previously obtained registry records through their membership and make name based search enabled in their databases. That way, along with intensive source interviews, we can locate real estate properties on the best effort basis.
Company Ownership as Shareholder
It is extremely difficult to search. We can search major share holders of listed companies. However, as Japanese corporate registry records do not include the names of share holders, it is not possible to very the list of share holders even in government databases.
And securities agency will not disclose any customers information no matter what reasons we have.
Asset Search for Compulsory Attachments
So far in Japan, there is no powerful court injunction system. Only available methods of finding assets is the legal procedure of self disclosure where the court orders the subject to disclose their own assets. If they make a false statement, they could be filed a correctional fine of JPY300,000.
We can search financial assets through the special investigative methods to compensate the flaws of legal system.
And if you sue her in Japanese court and obtain a judgement with a right of asset attachment, you can force her to disclose her own assets in the court where a false statement may lead to a JPY300,000 fine.
Asset Search Fees
Please check the prices page of Japan PI for more information. From that page, you can get a comprehensive price list for this investigation.
FAQs on Asset Search
- Can you obtain the activity of the bank account of the possible fraud company in Japan?
It is possible, but we need to get a search warrant of court or something similar to obtain such information.
It is challenging to get the legal procedure for the international case first of all because the Japanese government and laws are not ready for international cases.
If you are not planning to sue the company in Japan, we use the bar association warrant (the request of information of the article 23-2 of the Attorney Act) which is a bit less authoritative than the search warrant of court.
In this case, we collaborate with our legal adviser to go through the procedure. We must submit materials of prima facie on the damages the client suffered.