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Well, I now have a new artist to totally check...needed some Greek pop anyway =P
Right now my guess is that this is a composition that was sold to multiple labels around the world (thus not in competing markets.) As someone else said it happens a lot between Europe and Asia. If it was sold at the same time, it's technically not a cover I would think. It's usually only a cover when they buy/get permission to use the composition at a later date.
Granted the original song here came out in 2009 and it's now 2012. Assuming Ayu first heard of it and wrote lyrics in 2011, it could technically be a cover unless Avex was sitting on the composition for those years. (Ayu said that she's presented with compositions to choose from, and this could've been one of them.)
Either way, so long as it's not outright stolen, who cares =P
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