The Japan Securities Trading Association is about to get ceritificeation of ADR and is entitled to instrumentality procedure regarding serurities disputes within June. The association will take the precedure nationwide, in 47 prefectures.
The Association has dealt with mediation procedure of resolution regarding securities trouble, entrusted by securities companies. The number of consultations was 6,438; the number of claims was 773; and the number of petitions of mediation was 173 in year of 2007.
However, the claims which can be resolved in the procedure would be limited to disputes which the difference between businesses and customers is small or in the troubles that are regarding evaluation of damages, I suppse from my experience.
The court procedure might be more effective to get preferable resolution if you can take consultation of your claims to suitable lawyers.
If you choose the procedure of ADR, you should refer the criteria of resolution concerning court rulings about serurities cases. You can view useful information of the ruling on lawyers group website “Shokenmondai Kenkyukai”. 400 court decisions has been listed in the site and the useful consideration and comment about significant cases are posted. The information is provided by the lawyers who work for victims damaged by securities trouble.
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