Skip to main content

    Shikoku Electric Power Co., Inc. - Investment in Solar Photovoltaic Power Generation Project in Vietnam

Leading Japanese law firm Nishimura & Asahi advised Shikoku Electric Power Co., Inc. [TSE: 9507] on its acquisition from Truong Thanh Vietnam Group JSC (“TTVN”) of a 15% stake in Phu Yen TTP Joint Stock Company, which operates a solar photovoltaic power generation project in Phu Yen Province in Vietnam that is jointly owned by TTVN and B.Grimm Power PCL.

The Nishimura & Asahi team advising Shikoku Electronic Power was led by partners Hikaru Oguchi, Akira Hiramatsu and Ha Hoang Loc, and counsels Nobuko Ikeda and Nguyen Tuan Anh.


小口 光

Hikaru took the initiative in launching the firm’s ASEAN practice in 2010, and since she has supported various Japanese and international companies' new entry, expansion of their business, strategic investment, group restructuring, risk management, disputes, as well as exit deals. With her deep understanding of the nature of issues, as well as the business background and cultural and political context in each country, she is known for providing practical advice by working closely with the clients' business team in each jurisdiction. As a key member of our Diversity, Equity & Inclusion Committee, she has played a key role in many of our diversity, equity and inclusion initiatives, particularly over the past few years. Our firm was named the winner of the region’s Law Firm: Diversity & Inclusion Category at FT Innovative Lawyers Awards Asia-Pacific 2021 and winner of Outstanding Firm for D&I (Regional) at Chambers D&I Awards Asia-Pacific 2020.

平松 哲


  • Partner
  • Hanoi / Ho Chi Minh City

He has worked in Vietnam since 2014, and is currently a representative of our Hanoi Office. He has mainly provided legal advice to many Japanese and international companies on various cross border M&A cases and other cross border transactions, including the acquisition of shares in listed companies and large scale companies in various industries. He also provides advice on compliance, labor law, corporate disputes and general corporate and commercial transactions based on his extensive knowledge and experience.


HA Hoang Loc

  • Partner
  • Hanoi / Ho Chi Minh City

Mr. Loc joined Nishimura & Asahi (Ho Chi Minh City Office) in July 2012. Before that, he spent more than 8 years with other foreign and domestic law firms in Vietnam. He has assisted clients in many large-scale cases including, among others, an acquisition of shares in a public pharmaceutical company in Vietnam, transactions acquiring shares in a public construction company, an acquisition of shares in a digital retailer listed in Vietnam, and bidding by a client for development of a real estate project in Ho Chi Minh City. Mr. Loc has assisted many well-known Japanese investors in investments worth hundreds of millions of US dollars in finance leasing, real estate development, and steel manufacturing businesses in Vietnam. He has advised a number of giant Japanese companies in conducting their business in Vietnam, and he has given lectures to clients’ employees in relation to anti-corruption matters. He has also advised clients in carrying out product recall procedures in Vietnam. Mr. Loc has authored various articles including Anti-Corruption Survey 2014 (Vietnam Chapter) - Anti-Corruption Survey published in 2014, the Mergers & Acquisitions Review - Eighth Edition - (Vietnam Chapter) published in 2014, Vietnam: All change for offshore investors - International Financial Law Review published in 2014, Vietnam: The investment conditions list - International Financial Law Review published in 2015, and Simplifying foreign Investment - International Financial Law Review published in 2016. Mr. Loc is a 2001 graduate of the Ho Chi Minh City University of Law (LL.B), and received an LL.M (with Merit) from Southampton Solent University (England) in 2008. He is admitted to the Ho Chi Minh City Bar Association (since 2008), and the Vietnam Bar Federation (since 2009). He is fluent in both English and Vietnamese.

池田 展子

Nobuko IKEDA

  • Counsel
  • Hanoi / Ho Chi Minh City

Nobuko handles a wide variety of corporate matters, focusing on investment projects and the expansion of Japanese companies into Vietnam and other ASEAN countries. During her time spent working for a foreign law firm, she was in charge of structured finance projects, and since then, she has been involved in a broad range of investment projects, including investment projects in Southeast Asia and venture investment projects at the commercial bank and in N&A. She has lived in Vietnam for the past four years and provides expert practical advice to her clients based on her deep understanding of Vietnamese regulations and customs. As a major member of N&A’s Vietnam practice team, she handles not only investment projects, but also general corporate matters, labor, compliance, and disputes.



  • Counsel
  • Hanoi / Ho Chi Minh City

Tuan Anh joined our firm in August 2015 after spending approximately seven years practicing law at local firms, which included one of the first-tier local law firms in Vietnam. Through his extensive expertise in compliance-related matters, e-commerce platforms and operation, and corporate crisis management, he provides his clients and Japanese attorneys with tailored legal services in those practice areas in Vietnam. His legal advice, solutions, and recommendations are always appreciated by his Japanese colleagues in our firm’s Vietnam practice group due to their reliability, practicality, and appropriateness. Apart from providing legal advice to clients, he also has lectured clients’ employees on anti-corruption and compliance matters, labor regulations, and personal data protection laws. Furthermore, he is often asked to assist the JCCI in Vietnam in providing comments on key drafts of laws and decrees (e.g., investment and enterprise laws, as well as guiding decrees related thereto) promulgated by the governmental bodies of Vietnam.