- Restructuring & Insolvency
Armed with Wealth of Experience and Knowledge
Many of our attorneys have served, upon appointment by Japanese courts, as bankruptcy trustees for companies; most notable cases include Yamaichi Securities as well as SOGO (a major Japanese retailer) and eight of SOGO’s group companies, garnering market recognition and a reputation for our expertise. In furtherance to our expertise, we provide a number of services, including advice on debt collection, the filing of bankruptcy petitions for debtors, and we also represent creditors, vendors as well as buyers of debtors’ assets or businesses, providing a broad range of services in connection with bankruptcy proceedings.
Armed with this wealth of knowledge and extensive experience, we are up for any and all bankruptcy-related issues and we will provide the most appropriate advice, however difficult the situation may be. Issues with respect to which we provide our advice regularly include, actions to be taken when our client has concerns over its trade partner being on the verge of filing for bankruptcy, direct and indirect effects of our client’s subsidiary filing for bankruptcy to wind down the subsidiary, possible consequences to the interests of our client when a counterparty to a transaction files for bankruptcy, steps to be taken and advice on negotiations when a bankruptcy trustee exercises its right of avoidance, and whether or not a transfer of business within bankruptcy proceedings is possible.
- Bunkruptcy trustee case of Mansho Co., Ltd.
- Yozan Inc. - Administration in bankruptcy
- Nishimura & Asahi secures victory for creditors in Mt. Gox bankruptcy
- Insolvency trust case of Yamaichi Securities
- Kokura Sogo and other insolvency trustee cases
- 2002 - 2011
- Frequently served as supervisor in civil rehabilitation cases appointed by the Tokyo District Court
- 1994 - 2011
- Frequently served as trustee in bankruptcy cases appointed by the Tokyo District Court
Awards & Rankings
Nishimura & Asahi is a premier law firm in Japan with proven strength in tackling civil rehabilitation, out-of-court workouts and turnarounds. Possesses extensive experience in cross-border filings, especially in relation to US regulations. Notably acts for both creditors and debtors, with an emphasis on recapitalisation and restructuring procedures.Chambers, Restructuring/Insolvency (2022)
Known for traditional insolvency work, particularly representing debtors, Nishimura & Asahi is also strong in restructuring and insolvency transactions involving out-of-court workouts and turnarounds. As well as acting in large-scale matters, the firm handles petitions for bankruptcy and insolvency proceedings on behalf of small and medium-sized companies. The practice is active in Japan and throughout Asia, with increasing experience in cross-border workouts and global restructuring.The Legal 500, Restructuring and Insolvency (2022)
- Ryutaro Nakayama and Yuri Sugano were interviewed at the World Economic Forum Annual Meeting 2023 (Davos)
- Doing Business 2020: Resolving Insolvency in Japan
- Yuri Sugano and Tatsuaki Murakami were involved in a survey on the chapter “Resolving Insolvency” in Doing Business 2018, published by the World Bank Group, U.S.A.