Shionogi & Co., Ltd. - Rescission of tax reassessments

Leading Japanese law firm Nishimura & Asahi represented Japanese pharmaceutical company, Shionogi & Co., Ltd. (“Shionogi”) [TSE: 4507], regarding its lawsuit seeking rescission of tax assessments by the Osaka Regional Taxation Bureau on Shionogi’s in-kind contribution of a foreign limited partnership interest into its UK-based subsidiary, Shionogi Ltd. The matter was decided in Shionogi’s favor before the Tokyo High Court on April 14 2021, following the Tokyo District Court's decision in 2020.  The Government has decided not to appeal to the Supreme Court.

The Nishimura & Asahi team representing Shionogi was led by partners Yo Ota, Akihiro Hironaka, Tsuyoshi Ito, Masaki Noda and Yuichiro Hirota.