# Article 516, paragraph (1), its wordings — Companies Act

This is the Markdown twin of https://japanlaw.org/en/companies-act/history/art-516/par-1. Every law, and how to address a provision: https://japanlaw.org/llms.txt. The same laws as MCP tools (no sign-in): https://japanlaw.org/mcp.

How the wording of Article 516, paragraph (1) (第五百十六条第一項) changed with each amendment, and how it will change.

- Law: Companies Act (会社法) — https://japanlaw.org/en/companies-act
- Provision: Article 516, paragraph (1) (第五百十六条第一項) — https://japanlaw.org/en/companies-act/art-516/par-1 (as Markdown: https://japanlaw.org/md/en/companies-act/art-516/par-1)
- The law's amendments: https://japanlaw.org/en/companies-act/amendments
- 2 wordings, oldest first.

## 1. Before Act No. 57 of 2025

- State: In force

Japanese:

> 裁判所は、特別清算開始の命令があった場合において、債権者の一般の利益に適合し、かつ、担保権の実行の手続等（清算株式会社の財産につき存する担保権の実行の手続、企業担保権の実行の手続又は清算株式会社の財産に対して既にされている一般の先取特権その他一般の優先権がある債権に基づく強制執行の手続をいう。以下この条において同じ。）の申立人に不当な損害を及ぼすおそれがないものと認めるときは、清算人、監査役、債権者若しくは株主の申立てにより又は職権で、相当の期間を定めて、担保権の実行の手続等の中止を命ずることができる。

English (Japanese Law Translation, Ministry of Justice):

> If the court issues an order to commence special liquidation, the court may, in response to a petition by the liquidators, company auditors, creditors or shareholders or ex officio, prescribing a reasonable period of time, order the suspension of procedures to enforce a security interest if the court finds that it suits the general interests of the creditors and those who petitioned for the procedures to enforce the security interest (meaning procedures to enforce the security interest the assets of the liquidating stock company, procedures to enforce charge on whole company assets or judicial enforcement procedures based on the general liens and other claims that have general priority that have already been enforced against the assets of the liquidating stock company; hereinafter the same applies in this Article) are not likely to suffer undue loss.

## 2. Date not yet set — Act No. 57 of 2025

- State: Not yet in force
- Takes effect: Date not yet set
- The amendment: Reworded (Act No. 57 of 2025) — https://japanlaw.org/en/companies-act/amendments/20271205_507AC0000000057

Japanese:

> 裁判所は、特別清算開始の命令があった場合において、債権者の一般の利益に適合し、かつ、清算株式会社の財産につき担保権を有する者（次項及び第八百九十一条において「担保権者」という。）、企業担保権の実行の手続の申立人又は清算株式会社の財産に対して既にされている一般の先取特権その他一般の優先権がある債権に基づく強制執行の手続の申立人（同条において「一般先取特権者等」という。）に不当な損害を及ぼすおそれがないものと認めるときは、清算人、監査役、債権者若しくは株主の申立てにより又は職権で、相当の期間を定めて、当該担保権の実行の手続の中止（債権を目的とする質権の実行の禁止を含む。次項において同じ。）、当該企業担保権の実行の手続の中止又は当該強制執行の手続の中止を命ずることができる。

English (Machine translation, not official):

> If the court issues an order to commence special liquidation, the court may, in response to a petition by the liquidators, company auditors, creditors or shareholders or ex officio, prescribing a reasonable period of time, order the suspension of the procedures to enforce the security interest (including the prohibition of the enforcement of a pledge over a claim; the same applies in the following paragraph), the suspension of the procedures to enforce the charge on whole company assets or the suspension of the judicial enforcement procedures if the court finds that it suits the general interests of the creditors and that those who have a security interest in the assets of the liquidating stock company (referred to as "security interest holders" in the following paragraph and Article 891), those who petitioned for procedures to enforce charge on whole company assets or those who petitioned for judicial enforcement procedures based on the general liens and other claims that have general priority that have already been enforced against the assets of the liquidating stock company (referred to as "general lien holders, etc." in that Article) are not likely to suffer undue loss.

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## Sources

- The dates and the amending laws: e-Gov (Digital Agency) (https://laws.e-gov.go.jp/law/417AC0000000086)
- English name of the law: Japanese Law Translation, Ministry of Justice (https://www.japaneselawtranslation.go.jp/en/laws/view/4481/tb)
- English titles of the amending laws: Written for this site with AI
- The Japanese text before: e-Gov (Digital Agency) (https://laws.e-gov.go.jp/law/417AC0000000086/20270722_508AC0000000064)
- The Japanese text after: e-Gov (Digital Agency) (https://laws.e-gov.go.jp/law/417AC0000000086/20271205_507AC0000000057)