Restructuring and insolvency: Independent local firms in Japan

Anderson Mori & Tomotsune

The team at Anderson Mori & Tomotsune is well versed in both in-court and out-of-court restructurings of distressed companies, handling large-scale insolvency and restructuring matters in Japan. Led by Hideyuki Sakai, Hiroyasu Ueda, Fujiaki Mimura, and Zentaro Nihei, the team supports global companies with resolution plans and assists Japanese quasi-governmental agencies in legislative research. Ueda acts as liquidator in Japanese bankruptcy matters, while Nihei specialises in insolvency, bankruptcy, and special situation investing. Other key members include Taro Awataguchi, who represents creditors and sponsors in out-of-court debt restructurings, corporate reorganisations, and civil rehabilitation matters, and Satoshi Ogino, who has extensive experience in the insolvency practice area.

Praxisleiter:

Hideyuki Sakai; Hiroyasu Ueda; Fujiaki Mimura; Zentaro Nihei


Weitere Kernanwälte:

Taro Awataguchi; Satoshi Ogino


Referenzen

‘Anderson Mori & Tomotsune has the unique ability to understand legal and commercial concerns in Japan and the U.S., as well as many other countries. They have a deep bench of experts who devote themselves to your needs.’

‘Anderson Mori & Tomotsune’s attorneys are problem solvers who are commercial but still detail-oriented. They are particularly good in complex cross-border matters.’

‘ATM team members have good communication and organization skills in English. We mainly worked with Taro Awataguchi who is a very good English communicator, both in verbal and written English.’

Kernmandanten

K.K. Apex and its subsidiaries


K.K. Digipoke


K.K. Togashi Giken


Matsuekankyonomori Co., Ltd.


Tibanne Co., Ltd.


Soukou Kagaku K.K.


AK Corporation


Retail Transformation K.K.


Highlight-Mandate


  • Advised a consortium of banks and leasing companies to file a creditor’s petition to commence the corporate reorganization proceedings of the debtor, United Ocean Group.
  • Advised Apex Group in civil rehabilitation proceedings with their core company, Apex.
  • Advised Digipoke, a cryptocurrency wallet service with approximately 2,000 creditors, in bankruptcy proceedings.

Mori Hamada & Matsumoto Tokyo Office

Mori Hamada & Matsumoto Tokyo Office‘s team has extensive experience representing debtors, creditors, and financial advisors from various jurisdictions in all types of Japanese bankruptcy and reorganization proceedings. The team is led by Soichiro Fujiwara, who brings decades of experience in restructuring litigation, alongside Ryota Yamasaki and Takahiro Inou, who are skilled in both out-of-court and court-supervised restructurings as well as bankruptcy matters. Inou also handles matters involving other Asian countries. Dai Katagiri and Wataru Ishida are names to note in relation to domestic and cross-border restructuring and bankruptcy matters.

Praxisleiter:

Soichiro Fujiwara; Ryota Yamasaki; Takahiro Inou


Weitere Kernanwälte:

Dai Katagiri; Wataru Ishida


Referenzen

‘The quality of this law firm’s services is extremely high. Its attorneys have broad and deep knowledge and diverse work experience.’

‘Every member communicates effectively not only with the client but also with other stakeholders. As a result, they were able to accomplish complex tasks within the deadline.’

‘Mori Hamada & Matsumoto is the best restructuring firm in terms of speed, variety of options, and teamwork. Thanks to the strong support and negotiations by Mori Hamada & Matsumoto, our bank was able to provide DIP financing for our client companies.’ 

Kernmandanten

Kohlberg Kravis Roberts & Co. L.P.


Abe Supply Co., Ltd.


A & B Computer Co.


Highlight-Mandate


  • Advised Kohlberg Kravis Roberts & Co., Ltd. on its role as a sponsor in a restructuring case using civil rehabilitation proceedings of Unizo.
  • Advised Abe Supply Co., Ltd. in its civil rehabilitation proceedings.
  • Advised A&B Computer Corporation in its successful search for a sponsor to take over the company with all employees and business partners.

Nagashima Ohno & Tsunematsu

The restructuring and insolvency team at Nagashima Ohno & Tsunematsu is highly skilled in out-of-court proceedings, working closely with their corporate and finance teams to offer comprehensive services to clients on both the debtor and sponsor sides. The team is led by Nobuaki Kobayashi, who has extensive experience in large-scale corporate reorganisations, and Yosuke Kanegae, who is well versed in both in-court and out-of-court restructuring for listed companies. Takashi Suzuki acts as debtor counsel or deputy trustee in bankruptcy cases, while Tomohiro Okawa contributes his expertise in cross-border restructuring matters.

Praxisleiter:

Nobuaki Kobayashi; Yosuke Kanegae


Weitere Kernanwälte:

Takashi Suzuki; Tomohiro Okawa


Referenzen

‘The firm has deep knowledge and experience in court proceedings and collaborating with bankruptcy trustees. The team is approachable and provides personalized advice to clients.

‘The firm has accumulated a wealth of experience through working on a diverse range of matters and publishing numerous clear and concise papers. In particular, I received excellent support from Yosuke Kanegae.’

‘Tomohiro Okawa has very good expertise in restructuring & insolvency, as well as finance. In my case, the borrower was financially struggling, and we intended to provide a new loan backed by receivables and inventory. Tomohiro Okawa was the best fit and worked very diligently to make difficult documentation involving a promissory note receivable, which was quite unique for Japanese transactions.’

Kernmandanten

Mizuho Bank, Ltd.


Sumitomo Mitsui Banking Corporation


Mitsubishi UFJ Financial Group, Inc.


Mitsubishi Corporation


Toshiba Corporation


Bain Capital


JISSMBC Trust


Itochu Corporation


MtGox


SBI Shinsei Bank Ltd.


Highlight-Mandate


  • Advised Marelli Holdings in the out-of-court restructuring of a leveraged buyout, using simplified civil rehabilitation proceedings to ask its lenders and foreign banks to write off more than 40 per cent of its outstanding loans.
  • Advised Big Motor, a used car dealership facing financial difficulties due to various compliance issues, including fraudulent insurance claims.
  • Advised Mtgox Co., Ltd. in the first in-court proceedings to reimburse claims related to Bitcoin with coins instead of cash.

Nishimura & Asahi

The team at Nishimura & Asahi integrates lawyers from various practice groups, which enables them to assist clients with domestic and cross-border insolvency and restructuring matters, covering both traditional court proceedings and out-of-court matters. The team benefits from Hajime Ueno‘s knowledge of structured finance, Daisuke Koriya‘s experience in accounting and tax-related matters, and Yonson Minami‘s advice on the M&A aspects of restructurings. Team leader Kenichi Minami has extensive experience in both traditional insolvency proceedings and out-of-court workouts and turnarounds.

Praxisleiter:

Kenichi Minami


Weitere Kernanwälte:

Hajime Ueno; Daisuke Koriya; Yonson Minami


Kernmandanten

JOLED Inc.


REINOWA Holdings Inc.


BigMotor Co., Ltd.


Orient Line K.K.


J-Will Partners Co., Ltd.;


Interblock USA L.C


Japan Airlines Co., Ltd


ARVOS Holding GmbH


HOPE, INC


Nuclear Damage Compensation and Decommissioning Facilitation Corporation


Pepper Food Service Co.


Amana inc.


Highlight-Mandate


  • Advised JOLED Inc. on civil rehabilitation proceedings to sell and transfer its research and development units to a third-party sponsor.
  • Advised REINOWA Holdings Inc. and its fully-owned subsidiaries, FCNT Limited and Japan E.M. Solutions Co., Ltd., on civil rehabilitation proceedings to restructure the group’s business.
  • Advised BigMotor Co. Ltd. on restructuring through a (purely) out-of-court workout with financial creditors.

Abe, Ikubo & Katayama

The team at Abe, Ikubo & Katayama represents debtors in corporate reorganisations and civil rehabilitation matters, demonstrating its expertise in preparing and executing restructuring plans, as well as completing the reorganisation and rehabilitation processes. The team is led by Kazuyuki Taguchi, who specialises in corporate reorganisations and turnaround business matters, and Hirofumi Kato, who has extensive experience in business rehabilitation, particularly in legal and voluntary liquidation. Eiji Katayama is a key figure in domestic and cross-border matters, focusing on bankruptcy law.

Praxisleiter:

Kazuyuki Taguchi; Hirofumi Kato


Weitere Kernanwälte:

Eiji Katayama


Kernmandanten

Nippon Logistech Corporation


Hope Energy, Inc.


Highlight-Mandate