Displaying deep bench strength in handling cross-border mandates, the team at Nishimura & Asahi handles multi-jurisdictional workouts and international restructuring matters, which are particular areas of focus for Yuri Sugano. Beyond traditional insolvency proceedings and significant bankruptcy cases within Japan, practice head Kenichi Minami is noted for his deep knowledge of in out-of-court workouts and turnarounds. Kentaro Yokoyama also has extensive experience in handling both in-and out-of-court reorganisations. The group is known for representing a variety of debtors, also counting major banks, financial institutions and creditors among its clients. The team draws on the varied expertise of its members to further strengthen its offering; Hajime Ueno is an expert in structured finance; Daisuke Koriya displays vast knowledge of accounting and tax issues; and Yonson Minami advises on M&A aspects of restructurings.

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Key clients

Aozora Bank, Ltd.
MUFG Bank, Ltd.
REINOWA Holdings Inc.
JOLED Inc.
J-Will Partners Co., Ltd.
Sado Steam Ship Co., Ltd.
The Rockport Company, LLC, Rockport Japan Ltd.
Joyfull Co., Ltd.
HOPE, INC.
TEPCO Energy Partner and Incorporated, Tokyo Electric Power Company Holdings, Inc.
Japan Airlines Co., Ltd.
Nuclear Damage Compensation and Decommissioning Facilitation Corporation

Work highlights

Represented MUFG Bank in the conversion of Marelli Holdings' turnaround ADR to a civil rehabilitation as a result of a failure to secure all lenders’ approval of the restructuring plan.
Represented Aozora Bank, Ltd. and played a role in the client’s involuntary petition for corporate reorganisation proceedings against the core companies in the group, Ise Foods Inc. and Ise K.K.
Represented the operator of the transportation vessels between Honshu and Sado Island in its restructuring through an equity capital injection from a new sponsor, a debt-to-equity swap conversion of debts owed to the primary bank, and rescheduling of debts owed to other financial creditors.