This article considers the rights of investors in real estate in Japan to control and receive economic distributions from a project. It concentrates on how these rights apply in relation to three structures: the TMK, TK-GK, and J-REIT. It also considers whether each of these structures is suitable to be used in one, or in multiple projects. This article is part of the global guide to corporate real estate law www.practicallaw.com/realestate-mjg.
The Swiss Federal Act on Acquisition of Real Estate by Persons Abroad (the so-called Lex Koller) restricts the acquisition of Swiss residential and other non-commercial real estate by foreign (non-Swiss) persons. Since its inception in 1983 (similar laws existed as from the 1960s) the Lex Koller has been liberalised in several aspects. However, it has been highly debated in recent years whether the Lex Koller should be abolished altogether or made even stricter. This article examines: the liberalisation of the Lex Koller over time; the significance of the Lex Koller for transactions; and when the Lex Koller rules apply. This article is part of the global guide to corporate real estate law www.practicallaw.com/realestate-mjg.