Tokyu Land Corporation: Capital Alliance with Renaissance by selling part of shares in Tokyu Sports Oasis
Leading Japanese law firm Nishimura & Asahi advised Tokyu Land Corporation, a Japanese real estate company, on its capital alliance with Renaissance Incorporated [TSE: 2378] through the sale of part of its shares (40%) in a newly established company to succeed fitness business, etc. of Tokyu Sports Oasis Inc., a subsidiary of Tokyu Land, to Renaissance.
The Nishimura & Asahi team advising Tokyu Land was led by partners Kazuhiro Takei, Ayako Matsumoto, Naoko Omukai, Junko Wakabayashi and Keita Yasui.
Ayako Matsumoto is a partner at Nishimura & Asahi specializing in the area of Corporate/M&A. She has handled various domestic and cross-border M&A transactions, including complicated and large-scale issues. She also provides extensive advice on a wide range of corporate activities, including corporate governance, compliance, management and utilization of information, digital transformation, brand strategy, insurance, and various corporate and commercial transactions. She is a core member of our data protection practice group, and provides practical advice regarding information related issues on global management of personal data, trade secrets and intellectual property, insider trading regulations, cyber security insurance, utilization of digital technology, etc. She has also been focusing on the fashion law practice, and provides crosscutting and global legal support, by closely collaborating with our experts in various fields and local offices, for apparel designers, retailers, manufacturers, importers, investors, and brand owners and luxury goods companies. She provides practical, commercial, and creative advice to protect brands and ensure they remain competitive in a fierce and rapidly evolving industry with rapid progress in digital economy and social transformation.
She has a strong track record of representing domestic and overseas clients before the Courts and Patent Offices in Patent, Trademark and other IP disputes and proceedings, including a case that resulted in the first Grand Panel Decision of the IP High Court in Japan. In addition, she has been involved in IP transactions for business development, including license franchising, and corporate projects with Brand & IP strategies. She has been a committee member of the Industrial Structure Council of the Ministry of Economy, Trade and Industry (METI) of Japan, a member of the special consulting committee for the Minister of METI, and a director of the Japan Trademark Association. In addition, she oversees many lecturers at IP seminars sponsored by bar associations, patent attorney associations, the Japan Intellectual Property Association, etc.
Junko Wakabayashi specializes in antitrust and competition law. She has extensive experience with various antitrust matters and issues, including merger filings, cartels, transactional matters, and compliance, in both domestic and cross-border cases. She regularly engages with global clients and negotiates with competition authorities on their behalf. Due to her prior experience at the Ministry Land, Infrastructure, Transport, and Tourism, where she engaged in policy and rule making, as well as operations, and built a network of connections in government offices, Junko has a deep knowledge and understanding of regulations and government affairs, particularly those that impact transportation industries (e.g., aviation, automotive). She was seconded to a major energy company, where she acquired familiarity with the energy industry. Her wide range of experience enables her to provide precise, tailored advice that accurately addresses and responds to each client’s needs and business operations.
Keita has experience of working in the Financial Services Agency of the Government of Japan as a government official who has been in charge of the revisions of Japan’s Corporate Governance Code and Japan’s Stewardship Code. Furthermore, he has gained practical experience in Fidelity International, which is one of the largest global asset management companies, through engaging with investee companies, in proxy voting, and sustainable investing in the Investment Management Department. He applies this experience to provide legal services on various corporate matters, including corporate governance, sustainability-related matters, M&A transactions, and relationships with shareholders and other stakeholders. He provides tailored advice on the matters by properly considering the interests of multi-stakeholders based on his extensive knowledge and experience in the field. He has also authored numerous books and articles, and he has been a regular speaker at lectures and seminars on practical legal issues.