The amended Arbitration Law of Japan enforced on 1 April 2024 is helpful for reservation of assets in Japan.

On 1 April 2024, the amended Japanese Arbitration Law came into force, and parties are generally able to seek a decision from a Japanese court to order the enforcement of an interim preservative/restraining order issued by an arbitral tribunal, even if the tribunal is formed outside Japan.

This amendment largely follows the system incorporated in the UNCITRAL Model Law (as amended in 2006), but its Articles 17B and 17C are not accepted, as considering the counterparty’s interests.

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