Nishimura & Asahi secures victory for creditors in Mt. Gox bankruptcy
Leading Japanese law firm Nishimura & Asahi represented several creditors and filed for the involuntary civil rehabilitation of Tokyo-based Mt. Gox, at one time the world's largest bitcoin cryptocurrency exchange and which collapsed in February 2014. We succeeded in obtaining an order to halt the liquidation of the exchange in favour of a civil rehabilitation procedure, to take place before the Tokyo District Court.
The Nishimura & Asahi team representing the creditors is led by partners Shinnosuke Fukuoka, Yuri Sugano, and Kazuki Takada.
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Kazuki handles all types of restructuring cases, from out-of-court workouts to judicial bankruptcy proceedings; his clients range from small companies to large listed corporations, and operate in a diverse range of industries, such as manufacturing, healthcare, IT, entertainment, and energy.
He has extensive experience with legal disputes, litigation, and cross-border restructuring cases, in which he represents both debtors and creditors; his prior cases include debt collections, director accountability, and labor issues.
He was seconded to a government investment fund for approximately two years; while there, his work involved integration of major industry players, large corporate carve-outs, and investments in overseas infrastructure projects, among other matters, and provided him with a principal’s perspective, as well as extensive knowledge of and experience with M&A transactions.
Kazuki draws on agile problem-solving and negotiation skills cultivated in restructuring cases, and diverse perspectives gained through his secondment and studies in the United States, to help clients find solutions to even the most pressing legal and business issues.
Yuri is specialized in Restructuring and Insolvency and also Labor Law. Especially, she is well-known in the restructuring market given her outstanding expertise and experience in cross-border restructuring and insolvency cases. She has plenty of experience providing foreign clients with restructuring and business closure of their Japanese subsidiaries. She also supports foreign clients on a wide range of labor issues, including labor disputes, personnel restructuring and general labor law matters on a daily basis. She is actively engaged in diversity and inclusion promotion activities. Utilizing her expertise as a labor-law specialist, as well as her experience as a member of the DE&I Promotion Committee at Nishimura & Asahi and as a director of LLAN (lawyers for LGBT & Allies Network), she has supported clients’ D&I initiatives.