Tokyo Century Corporation: Restructuring of Vroon Group B.V.
Leading Japanese law firm Nishimura & Asahi advised Tokyo Century Corporation [TSE: 8439] (“TCC”), a major Japan-based leasing company, on all relevant matters including the restructuring of multiple loan facilities and participation in the first ever parallel use of Dutch WHOA proceedings and an English scheme of arrangement in connection with the restructuring of Vroon Group B.V., an international shipping company. This was a highly complex and which highlights Nishimura & Asahi’s expertise in the restructuring and insolvency, shipping and finance sectors.
The Nishimura & Asahi team advising TCC was led by partner Adrian Joyce, supported by Sang-Kyun Bong.
Adrian has considerable experience advising lenders, sponsors and ECAs on energy, transportation and infrastructure in, Japan, APAC, the Americas, Europe, Middle East and Africa. He is recognised as a market leader for project finance and asset finance and regularly advises Japanese and international clients on the development and financing of cross-border energy, infrastructure and transportation projects. Highly regarded for his commercial acumen, Adrian is recognised in Chambers Global and Chambers APAC for “Projects & Energy: International” and “Banking & Finance: International Asset Finance” and in The Legal 500 for "Projects and Finance”, “Shipping” and “Banking and Finance” for which he is ranked as a “Leading Individual”. Recent experience includes advising sponsors and lenders on: • LNG: a large number of LNG vessel financings (20 vessels since 2020), SPAs and joint ventures; • Infrastructure: projects including five subsea cable financings in APAC and the Americas and two infrastructure projects in Japan; • Renewables: greenfield projects and project sales in Japan and APAC including solar, wind and waste to energy. • Asset finance: debt finance, restructurings, SLB, ESG and JOLCOs in the shipping and aviation sectors. Adrian attended the University of Tokyo and University of Waseda and speaks and reads Japanese.