Nippon Life Insurance Co. - Acquisition of additional shares in Australia’s MLC Ltd.

Leading Japanese law firm Nishimura & Asahi advised Nippon Life Insurance Co. (“Nippon Life”) on its subscription, together with National Australia Bank Ltd., for additional shares via a third-party allotment in MLC Ltd. (“MLC”), an Australian life-insurance consolidated subsidiary of Nippon Life. Upon completion, Nippon Life will hold an 80% stake in MLC.

The Nishimura & Asahi team advising Nippon Life was led by partners Tatsuya Tanigawa, Masaki Noda and Tatsuya Nakayama.