Sado Steam Ship Co., Ltd. - Investment by Michinori Holdings, Inc. and restructuring plan
Leading Japanese law firm Nishimura & Asahi advised Sado Steam Ship Co., Ltd., Inc., a Japanese ferryboat operator, on the sale of a majority stake to Michinori Holdings, Inc., a Japanese bus operator holding company, and on the approval of an out-of-court restructuring plan.
The Nishimura & Asahi team advising Sado Steam Ship was led by partners Masaru Shibahara, Toshihiro Takeshita, Yusuke Motoyanagi, Yasuo Tsukitome, and Tetsushi Konda.
He has an extensive track record representing clients in over 80 corporate rehabilitation and bankruptcy cases to date, playing an instrumental role in communicating with financial institutions on M&A, financing, and private liquidations from a multifaceted perspective. He is also known for his expertise in business succession cases involving a wide range of competing interests, such as drafting family charters, and handling litigation, leveraging his insights into industry conditions and economic circumstances surrounding his clients.
Yusuke has a wealth of experience in the areas of capital raising by corporations, the formation of investment funds, and investments in investment funds, in transactions of all sizes, both domestically and internationally. In the field of capital raising, he has an extensive and excellent track record in the issuance of shares by financially distressed listed companies. In regard to fund formation and fund investment, he is constantly involved in numerous transactions, and advises not only on the legal aspects of those transactions, but also on market standards. He also provides advice on a wide range of financial regulations, including those in new fields such as fintech. His advice includes providing guidance on registering or filing notifications required for conducting finance-related business, analyzing new finance-related businesses, and establishing/reviewing the internal compliance rules/systems of his clients. Recently, he has become more involved in blockchain- and token-related matters, including not only those in the finance sector, such as fundraising by issuing crypto assets, listing crypto assets on domestic and foreign exchanges, and other crypto asset-related transactions, but also those in areas outside the finance sector.
Yasuo has an extensive track record, including many restructuring and bankruptcy cases representing a variety of stakeholders, such as debtors, sponsors and creditors. He also has special expertise in M&A, dispute and risk management cases. In addition, he is involved in PPP/ infrastructure cases and renewable energy cases.
He has been engaged in a multitude of corporate restructuring cases from the perspectives of debtors, creditors, and sponsors, and as such, has extensive experience in in-court and out-of-court proceedings. He has also been involved in medium-to large-scale M&A transactions and corporate-related disputes (such as claims for damages, defamation, determination of share price, and clawbacks under Bankruptcy Act cases). Accordingly, he can provide the clients with support and advice from a wide range of perspectives.
In addition, he has experience and knowledge in how Japanese companies invest (such as the acquisition of local companies), and conduct their business in Thailand, as well as cross-border restructuring cases.