Perspectives in Law, Business and Innovation Series editor Toshiyuki Kono, Kyushu University, Fukuoka, Japan Editorial Board Erik P.M. Vermeulen, Professor of Business & Financial Law, Tilburg University & Philips Lighting, Eindhoven, The Netherlands Claire Hill, James L. Krusemark Chair in Law, University of Minnesota Law School, Minneapolis, USA Wulf Kaal, Associate Professor & Director of the Private Investment Institute, University of St. Thomas, Minneapolis, USA Ylber A. Dauti, Founding Partner, The Dauti Law Firm, PC, New York, USA Pedro de Miguel Asensio, Professor, Complutense University of Madrid, Spain, Nikolaus Forgó, Professor, Leibniz Universität Hannover, Germany, Shinto Teramoto, Professor, Kyushu University, Fukuoka, Japan