Prospectus for the Establishment of ICCLC

In recent years, remarkable economic development and progress toward internationalization have been observed in Asia and its neighboring countries, particularly among the Newly Industrialized Economies (NIES) and ASEAN nations. However, within this region, some countries are striving to transition to market economies and to enter international markets following the end of the Cold War system.

In these countries that are undergoing this transition to market economies, legal systems are not functioning adequately in some areas due to insufficient development of civil and commercial laws essential for economic activity, as well as a lack of expertise and human resources to operate them. This has become one of the obstacles for such countries in their attempts to foster international economic activities. Under these circumstances, these countries are now seeking support and cooperation from the Japanese government to develop their own legal infrastructure.

If these countries develop the legal infrastructure, including the civil and commercial laws necessary for promoting international economic activities, and ensure that such legal infrastructure operates effectively, it will not only contribute to the prosperity of these countries, but it will also be highly beneficial for Japan.

Furthermore, in order to promote even greater economic ties with the NIES and ASEAN countries that are experiencing economic development and internationalization, and to walk the path to prosperity together, it is desirable for us to deepen mutual understanding of each country's legal systems and operations, and to explore better legal frameworks for international economic transactions.

For these reasons, we have decided to establish this Foundation, with the aim of supporting the development of legal infrastructure in these countries, in close collaboration with the Japanese government, by sharing the legal systems and operational know-how and knowledge that Japan has accumulated to date.　Furthermore, through interaction among relevant parties in each country, we aim to deepen a common understanding of the legal systems involved in international economic transactions.