Regional news: Japan

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

Hong Kong property developer faces winding up in the Cayman Islands

An Australian company and its director have applied to wind up a Hong Kong-headquartered property developer and a related entity in the Cayman Islands, amid a dispute over which of two similarly-named group companies provided security on an unpaid US$2 million loan.

12 July 2021

More UK landlord challenges as NCP lands plan meetings

Japanese-owned car park operator NCP has secured convening hearings for five classes of creditors to vote on its UK restructuring plan – but several of its landlords are preparing to object, including one that says it has made a better offer.

28 May 2021

The post-pandemic restructuring landscape - three trends from Asia

Against the backdrop of the covid-19 pandemic and soon-to-be-rescinded government support schemes, local principal Emmanuel Chua and associate Shriram Jayakumar at Baker & McKenzie Wong & Leow in Singapore discuss three key trends to look for in the "new normal".

20 May 2021

Dissolved BVI companies restored after “catastrophic” mistake

Two BVI companies that were part of Tokyo-headquartered alternative investor Pacific Alliance Group and were erroneously liquidated and dissolved following a “massive breakdown” of communications will be restored to the islands’ company register.

19 March 2021

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