Restructuring and insolvency: Independent local firms

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.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

'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.'

Key clients

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.

Work highlights

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.