Japan has had an up-and-down year so far, with the COVID-19 pandemic continuing to disrupt life and business, even as the country successfully hosted the Olympic and Paralympic Games. Leaders of law firms in Japan say that while they had to institute new ways of work in order to adapt to this “new normal,” they have been heartened by the resilience shown by their firms, which will hold them in good stead going forward.
White & Case has advised U.S. payments giant PayPal Holdings on its $2.7 billion agreement to acquire Japanese buy now, pay later (BNPL) firm Paidy, which was represented by Cooley and Mori Hamada & Matsumoto.
Latham & Watkins has advised U.S. investment bank Houlihan Lokey on its 65-billion-yen ($591 million) offer to buy Tokyo-based M&A advisory firm GCA Corp, which was counselled by Morrison & Foerster.
King & Wood Mallesons (KWM) has advised Australia’s Westpac Banking Corp on the A$900 million ($660 million) sale of its domestic life insurance unit to Japan's Dai-ichi Life Holdings.
Mori Hamada & Matsumoto and Davis Polk have advised Japanese beauty company Shiseido on the 160 billion yen ($1.5 billion) sale of its personal care business to private equity firm CVC, which was represented by Nagashima Ohno & Tsunematsu and White & Case.
Following a pandemic-induced lull, Japan Inc is resuming its focus on overseas acquisitions. Lawyers in Japan say that as vaccinations continue apace and borders reopen globally, the world’s largest investor will continue its outbound acquisition spree for the foreseeable future.
COVID-19 has wrought havoc on international business. While many Japanese companies have weathered the storm so far, some of their business partners overseas have not. As a result, many Japanese companies, as creditors, have found themselves drawn into the unfamiliar terrain of US bankruptcy law and bankruptcy courts. To provide some familiarity with US Chapter 11 proceedings, this article discusses the basics in a FAQ format.
Handling Patent Infringement Litigations in Light of Recent Court and Japan Patent Office Trends (EN/JA)BY Masahiko Matsuno |
When a company becomes involved in a patent infringement litigation, in-house counsels need to understand the prospects of the litigation, explain them internally, and consider necessary measures. In this case, the “prospects of the litigation” usually include (1) the possibility of winning the case and (2) the trial schedule. It should be noted, however, that in patent infringement litigation, each of the above (1) and (2) is difficult to predict due to the peculiarity of the trial process.
As governments around the world took steps to try and contain the spread of the COVID-19 pandemic, business were forced to adapt to large scale remote working. This sudden shift was particularly acute for those Japanese corporations, which traditionally favoured in-office working. While this change in working practices created obvious technological and logistical challenges for maintaining business continuity, it also created a number of legal and compliance challenges for in-house counsel teams.
Japanese law firm Miura & Partners (M&P) is set to open an office in the city of Nagoya, which will be the firm’s fifth since it was established in 2019. The firm currently has three offices in Tokyo and one in Hiroshima.