Restructuring & Insolvency
Corporate restructuring and insolvency is one of the pillars of our practice and an area in which we have a wealth of experience. As the largest firm in Hyogo Prefecture, and using our network of four offices, we flexibly handle corporate restructuring and insolvency cases of all sizes, all over Japan.
The majority of our lawyers are regularly involved in bankruptcy, special liquidation, civil rehabilitation, corporate reorganization and other legal restructuring procedures in a variety of roles, including as counsel for the petitioner, and as the bankruptcy trustee, reorganization supervisor and reorganization administrator.
Based on our specialist knowledge and experience, our services are adapted to what is appropriate in each case, making use of private restructuring procedures such as business rehabilitation ADR, SME rehabilitation support centres, private rehabilitation guidelines, owner-guarantee guidelines and special mediation procedures that are becoming more common. Our involvement in private rehabilitation procedures using SME rehabilitation support centres is increasing, mainly in the role of representing the company that is undergoing rehabilitation. Distressed companies often are involved in more than one industry and are not limited to small and medium-sized businesses. In recent years, we have cooperated with specialist healthcare fund management companies in order to assist large corporations in the healthcare field to plan their recovery through the private rehabilitation process.
Further, as our clients operate in a diverse range of industries including finance, manufacturing, trade and infrastructure, we also often act on behalf of creditors and sponsors in rehabilitation and bankruptcy cases. As recent examples, we have been involved in the rehabilitation of hospitality companies around the country as hotel chains try to revive the culture of staying in traditional Japanese inns, and using our experience in the field of maritime law, we provided a wide range of support to shipowning companies who were creditors in the civil rehabilitation proceedings for a large shipping company.
