Regional news: Japan

Canadian theme park ride creator rolls into bankruptcy

A Toronto-listed roller coaster manufacturer that builds rides for Disney and Universal Studios resorts in the US, Japan and China has sought Chapter 15 relief in Texas while it negotiates a sale to its debtor-in-possession lender.

18 May 2023

Norton Rose Fulbright adds from Clifford Chance in Japan

Norton Rose Fulbright has added a new partner in Tokyo from Clifford Chance, allowing the firm to offer Japanese law advice for the first time.

01 March 2023

Foreign banks and investors accused of “aiding” FTX fraud in Miami suit

An FTX customer has launched a class-action in Florida against several prominent US and foreign entities – including Singapore’s state-owned wealth fund Temasek Holdings and Japan’s Softbank – who he accuses of “aiding and abetting” the collapsed crypto group’s alleged US$8 billion Ponzi scheme.

23 February 2023

Marelli: a first-of-its-kind restructuring in Japan

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.

11 January 2023

Singapore court gives guidance on COMI and scope of Model Law recognition

Singapore’s Justice Aedit Abdullah has recognised the Japanese insolvency proceedings of 19 Singapore-incorporated ship-owning companies, in a brief decision issued to assist practitioners on determination of centre of main interests and the scope of what can be recognised under the local embodiment of the UNCITRAL Model Law.

15 September 2022

FTI launches restructuring practice in Japan

New York-listed advisory firm FTI Consulting has recruited a former EY partner to lead its new finance and restructuring practice in Japan, less than three months after it launched its first restructuring group in Italy.

12 September 2022

Business turnaround following the covid-19 pandemic in Japan

Featured in Asia-Pacific Restructuring Review 2023

09 September 2022

International dispute over Mt Gox accounts puts spotlight on trustee’s uphill task

A dispute between a US-resident director and his Australian former employer over cryptocurrency held in two accounts with the collapsed Japanese exchange Mt Gox, has cast a light on some of the difficulties facing the exchange’s rehabilitation trustee as he finally gears up to repay creditors eight years down the line.

28 July 2022

English investor fails to throw out Japanese aircraft lessors’ Ch11s

New York’s Judge David Jones has allowed two Japanese aircraft lessors to continue their bankruptcies, dismissing an English creditor’s claim that the companies lack any meaningful ties to the US.

03 February 2022

Hong Kong property developer defeats Cayman JPL application

The director of Australian company Block Capital Group has failed in his attempts to appoint provisional liquidators over a subsidiary of Hong Kong-headquartered property developer Infinity Capital Group in the Cayman Islands.

05 August 2021

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