JAPAN Law and Practice Contributed by: Tsuyoshi Ikeda, Aya Yasui, Takuya Ohata and Kohei Kohara, Ikeda & Someya
lated in the Order. The Cabinet Order determines the list of business sectors for which prior notification is mandatory. On 22 April 2026, the Japanese government issued a halt recommendation to MBK Partners under Article 27, paragraph 5 of FEFTA in respect of its planned tender offer for Makino Milling Machine Co., Ltd, cit - ing national security concerns related to the dual-use nature of Makino’s machine tools. This is the first halt recommendation under FEFTA since the 2017 amend - ments tightened the inward investment regime, and only the second overall, following the 2008 J - Power case. MBK accepted the recommendation on 30 April 2026.
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