Marelli: a first-of-its-kind restructuring in Japan
Tokyo, Japan (Credit: Shutterstock/ apiguide)
After representing automotive supplier Marelli in the first-ever use of simplified rehabilitation proceedings to cram down minority creditors in Japan, Jones Day partner Chris Ahern and Mori Hamada & Matsumoto partner Dai Katagiri and senior associate Ryo Kawabata tell GRR why the company was well-suited to being a test case and discuss Japan's plans to enact new laws to tackle potential drawbacks highlighted by the case.
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