Hitotsubashi ICS

Business Law Student Exchange Program



Tokyo Stock Exchange

Tokyo Stock Exchange

Japan Supreme Court

Japanese National Diet

Farewell Party

In the fall of 2014 the Graduate School of International Corporate Strategy at Hitotsubashi University (“ICS”) began a Business Law Student Exchange Program as part of its new Global Business Law Program launched in April 2014. This student exchange program provides a limited number of foreign law students, i.e. students from law schools outside Japan that enter into exchange program agreements with ICS and a few independent students, with an opportunity to study business law for one semester at ICS in Tokyo, Japan.

About us

Hitotsubashi University
The university began as a private business institute in 1875. Today Hitotsubashi is a well-known and top-ranked national university in Japan (see Appendix #1--Facts about Hitotsubashi and ICS). Throughout the history of modern Japan, Hitotsubashi has provided individuals who are well-prepared to lead Japan’s economic development, in contrast to other prominent national universities (the former imperial universities) whose primary purpose was to develop administrative structures of the State. Unique among universities in Japan, Hitotsubashi has retained its concentrated focus on four schools: Commerce and Management, Law, Economics, and Social Sciences. For this reason, it is sometimes compared to the London School of Economics and Political Science. The university’s traditional motto is “Captains of Industry.”

Although each of Hitotsubashi’s four schools has a graduate school that awards advanced degrees, ICS was created in 1998 to better address the new challenges of a global age. Its goal is to develop leaders capable of initiating, managing, and implementing innovation on a global scale. ICS focuses on combining practice with theory to provide valuable graduate-level education to working professionals through an interdisciplinary and international/comparative approach. ICS is comprised of three departments: the Business Law Department (which awards MA and PhD degrees) that is sponsoring the Global Business Law Program and the Business Law Student Exchange Program, the International Business Strategy Department and the Financial Strategy Department (both of which award the MBA degree).

Key Features of the Business Law Student Exchange Program
  • Overview
    A one-semester fall program focusing on Japanese, Asian, and international business law taught in English by regular ICS faculty and select adjunct faculty at our convenient, downtown Tokyo campus. No Japanese language is required, but both Japanese language courses and business law courses taught in Japanese are available for interested students.
  • Curriculum: Focus on Business Law; Interdisciplinary Approach
    A rich offering of courses on Japanese, Asian, and international business law will be taught entirely in English by our distinguished faculty, and will provide a thorough grounding in this field. In addition to the business law courses in the program, students will also have a variety of interdisciplinary alternatives: courses in the International Business Strategy and Financial Strategy departments, courses in the Asian Public Policy Program1, and Japanese language courses. (See Appendix #2 for a list of our business law courses that are generally offered and interdisciplinary alternatives; see Appendix #3 for the tentative course schedule to be offered in fall 2016).
  • Small Classes
    Each year’s class will be kept intentionally small, and will generally be limited to 10-20 students from the outstanding law schools that are our exchange program partners. The student/faculty ratio will be about 10:1. The small student body and small classes will enable intensive in-class interaction and close relationships between students and faculty.
  • Pan-Asian Environment
    The exchange program will reflect the increasingly close economic, educational, and cultural linkages between Japan and other Asian countries. In addition to everyday interaction with students from throughout Asia, interested students will generally have the opportunity to take courses on Legal Aspects of Doing Business in Asia and Business Negotiation in Asia. Students can also pursue independent study under the supervision of Professor Nunoi, a leading expert on Asian business law.
  • Combining Practice and Theory; Outstanding Faculty
    ICS is a professional graduate school and our focus is on combining practice with theory. A significant number of our faculty has substantial full-time work experience in the private sector. Our regular faculty and select adjunct faculty will teach the course offerings in the Business Law Student Exchange Program. (see Faculty)
  • Special Lectures
    A program of special lectures relating to Japanese and international business law invites prominent scholars and practitioners to ICS to address, and meet with, our students (see Appendix #5 for a list of special lectures that were offered in fall 2015)
  • Internships
    A part-time internship at a leading law firm or corporation in Tokyo will be arranged for each student to enhance the practical aspects of the exchange program experience. In 2014 each student obtained an internship in his or her top choice of category: Japanese law firm, foreign law firm, or corporate legal department (see Appendix #6 for a list of employers in 2015). Many of our students think that their internship experience is extremely valuable and a critical component of the “hands-on” approach of our program.
  • Field Trips
    Group visits will be arranged to places of interest related to law (e.g., a tour of the Supreme Court of Japan) and business (e.g., Tokyo Stock Exchange). We are generally able to arrange for additional private meetings with key personnel during our visits (see Appendix #7 for a list of field trips in 2015).


1 The Asian Public Policy Program (APPP) is an MA program that focuses on training professionals in economic policy formulation and implementation throughout Asia. It is located on the same floor of the ICS campus building as the Business Law Department.


Exchange Agreements and Admission of Students

Law schools that enter into exchange agreements with ICS are generally able to send two students to participate in the Business Law Student Exchange Program each fall. Each law school will select and nominate up to two students for admission to ICS, and such nominations will normally be honored if the necessary documentation is received by March 31. ICS also sends students to the partner law schools in accordance with the terms of the particular exchange agreement. ICS accepts a limited number of independent students into its Business Law Student Exchange Program.


Academic Calendar and Course Credit.

Students will arrive in Tokyo in early September. Following orientation, classes will begin in mid-September and will conclude in mid-December (see Appendix #3 for the tentative schedule for fall 2016). Classroom hours and instruction will normally be sufficient for exchange students to obtain credit toward graduation from their home institutions in accordance with the policies and procedures of each institution.


Housing Assistance.

Finding housing in Tokyo can be challenging and expensive. In the past, however, international students have been able to find suitable accommodations either on their own or with the support of ICS. We will provide information on housing in late May or June. A limited number of dormitory rooms at ICS may also be available.

For academic information on the Business Law Student Exchange Program, contact
Professor Bruce Aronson
Program Director
Hitotsubashi University
Graduate School of International Corporate Strategy

National Center of Sciences
2-1-2 Hitotsubashi, Chiyoda-ku
Tokyo 101-8439 JAPAN
Tel. +81-3-4212-3138
Fax +81-3-4212-3149
E-mail: baronson@ics.hit-u.ac.jp

For administrative informations contact

Ms. Tomoko Watabe
Tel. +81-3-4212-3151
Fax +81-3-4212-3149


Hitotsubashi University
“Hitotsubashi already has a long history of turning out future captains of industry.” (Business Week, July 2, 2001, shortly after the opening of ICS)
Hitotsubashi University is relatively small among nationally prominent universities in Japan, with about 670 faculty, 4,400 undergraduate students, and 2,000 graduate students. It is unique not only because it is the only Japanese university to specialize in social sciences, but also due to its teaching system. It was the first Japanese university to introduce a seminar system, rather than emphasize mass education, and to require participation in a small-group seminar. This system aids in cultivating individual abilities and in fostering close interaction between faculty and students. Hitotsubashi has continued its emphasis on combining practice with theory, but can also claim one of the top social science libraries in the world. The University is heavily involved in international academic exchange and cooperation, and has bilateral exchange agreements with 87 leading university and research institutions.

The University’s law school is generally ranked among the top law schools in Japan. Hitotsubashi law school has consistently had the highest bar passage rate of any law school in Japan since the current bar examination system began in 2006.

Hitotsubashi ICS
The mission of ICS is to develop innovative, global leaders in the fields of business, law, and finance through an emphasis on combining practice with theory to provide valuable graduate-level education to working professionals. ICS employs an interdisciplinary approach and utilizes small-group classes and seminars.
The MBA program at ICS has been consistently ranked as one of the top programs in Japan. It has been cited as the top MBA program in Japan with an international orientation and the #2 MBA program in Japan overall (Nikkei Weekly, 2004). It was also ranked among the top 20 MBA schools in Asia (Bloomberg Businessweek (2009).
With the introduction of the Global Business Law Program and the Business Law Student Exchange Program, ICS is extending its successful, innovative approach to address both the growing need in Japan for the development of internationally minded business law professionals who can work effectively in English and the corresponding need to make Japanese and Asian business law and practice accessible to non-Japanese legal professionals.
To date, the Global Business Law Program has entered into student exchange programs with the University of California-Hastings College of Law, University of Frankfurt (Goethe University) and Singapore Management University.





Main Law Department Courses

Introduction to Japanese Business Law

Professor Aronson

Japanese Securities Law

Professor Ogawa

Comparative Corporate Governance

Professor Aronson

Dispute Resolution

Adjunct Prof. P Davis

International Entertainment Law

Adjunct Prof. D Rosen

Legal Practice in Japan (required for internships)

Professors Aronson/Ogawa

Directed Research

ICS Faculty

Other Courses for Credit

International Business Strategy (MBA) courses

ICS Faculty

Financial Strategy (MBA) courses

ICS Faculty

Asian Public Policy Program courses

APPP Faculty

Law Department courses taught in Japanese

ICS Faculty

Non-Credit Courses


Aronson/Ogawa (coordinators)

Japanese language courses

ICS Language Faculty

Each for-credit course is two credits and a typical course load is six courses for 12 transferable credits. The transfer of credits to home institutions depends on compliance with the policies and procedures of each institution. Although it is at the discretion of individual instructors, classwork evaluation typically focuses on a paper and class presentation, plus class participation, rather than on an exam.



Academic Calendar



Before 8/30/2016

Arrival in Japan




First Day of Class


National Holiday


National Holiday


National Holiday


Last Day of Class


Program Schedule
Fall: 9/5 – 12/9/2016









Legal Practice in Japan
(Credit: 2)
Prof. B Aronson
Associate Prof.
H Ogawa

Japanese Securities Law
(Credit: 2)
Associate Prof.
H Ogawa

Dispute Resolution
Adjunct Prof.
P Davis





Introduction to Japanese Business Law
(Credit: 2)
Prof. B Aronson

Comparative Legal Studies on Corporate Governance
(Credit: 2)
Prof. B Aronson




International Entertainment Law
(Credit: 2)
Adjunct Prof.
D Rosen









Mitsuo Matsushita
(Professor Emeritus, University of Tokyo; Advisor, Nagashima Ohno & Tsunematsu)

“Contrasting Approaches to Extraterritorial Application of Antitrust Law in Japan, the United States and the European Union: Samsung Case (Japan) and the Liquid Crystal Panel International Cartel Case (U.S. and EU)”


John Inge
(Contract Counsel, Orrick, Herrington & Sutcliffe LLP)

“Introduction to IP Strategy: Developing Governmental and Corporate Strategies to Promote Creation of Intellectual Property”


Pieter de Ganon
(Associate, Morrison & Foerster, Tokyo)

“Patent Trolls”


Chiaki Sato
(Associate Professor, Aoyama Gakuin University; University of Tokyo Graduate School of Public Policy)

"Differences in the Role of Product Liability Law in the U.S. and Japan: Implications for Japanese Business Planning"


Stan Yukevich
(Partner, Morrison & Foerster, Tokyo)

“Allocation of Risks in Private M&A Transactions"


A. Reid Monroe-Sheridan
(Monroe-Sheridan Foreign Law Office and Tokyo Nexus Limited)

“Challenges in Japan-America Crossborder Business Combinations: A Case Study of Tokyo Electron”


Ryan Goldstein
(Partner, Quinn Emannuel)

"Trial Strategy in U.S. Litigation: Juries and the Discovery System in Patent Cases"


John Y. Sasaki

(JSV Foreign Law Office)

"Start-ups and the Law (Part 1)--The Silicon Valley Model"


John Y. Sasaki
(JSV Foreign Law Office)

"Start-ups and the Law (Part 2)--The Secret of the Silicon Valley Model: Can it Work in Japan?"





Mori Hamada & Matsumoto

Japanese law firm

Baker & McKenzie

Tokyo office of U.S. law firm

Skadden, Arps, Slate, Meagher & Flom LLP

Tokyo office of U.S. law firm

Oh-Ebashi LPC & Partners

Japanese law firm


Japanese trading company





Special Feature


Japan Federation of Bar Associations

Presentation by Ms. Kitamura, Attorney of Office of International Affairs


National Diet (Parliament)

Visit to Budget Committee room


Tokyo Stock Exchange

Stock investment game (30 mins.)


Supreme Court

Conversation with Justice Ohashi (30 mins.)


Financial Services Agency
Securities Exchange Surveillance Commission

Conversation with SESC Commissioner Yoshida (15min.)