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Anderson Mori & Tomotsune has extensive insolvency and bankruptcy experience and we specialize in providing high-caliber advice to corporations and major financial institutions on the liquidation of insolvent companies in Japan. Our experience encompasses the full spectrum of legal rehabilitation proceedings in Japan such as bankruptcy (hasan
), corporate reorganization (kaisha kosei
) and civil rehabilitation (minji saisei
), as well as voluntary liquidation proceedings such as Turnaround ADR proceedings and those involving the Resolution and Collection Corporation. Our Firm's excellent reputation in the market was recently affirmed when we were lauded by The Legal 500 in 2010 as one of the leading insolvency firms in Japan. As a further testament to the strong reputation of our insolvency practitioners, they are regularly appointed as bankruptcy trustees and supervisors by the courts.
Our team of accomplished insolvency practitioners, which is well regarded by clients and peers alike, offers a one-stop shop to clients looking for a full range of insolvency related legal services, including the collection of claims, assignment of obligations, negotiations with insolvent companies and their trustees, provision of DIP financing to insolvent borrowers and a diverse array of other services on behalf of sponsor DIP lenders and creditors. AM&T recently advised a major creditor with secured and unsecured claims in the corporate reorganization of the Japan Airlines Group. We also represented one of the major sponsors in the corporate reorganization of Kyouei Insurance Co., Ltd. Other notable mandates include representing one of the largest creditors in the corporate reorganization of, and Turnaround ADR proceedings involving, Willcom, Inc. and representing US-based finance creditors in the civil rehabilitation of Lehman Brothers Holdings Inc.
AM&T is also at the forefront of restructuring practice in Japan, with our clients benefiting from our Firm's comprehensive experience amassed from decades of practice in, among other areas, corporate acquisitions and alliances and structured finance. Our insolvency practitioners are highly proficient in DIP financing, debt-equity swaps and pre-packaged reorganizations in addition to having expertise in conventional M&A methods (e.g., assignment of businesses and company splits). Our Firm was actively involved in the restructurings of Seibu Railway Co., Ltd. and Kanebo Cosmetics Inc. Other highlights of our insolvency practice include advising on the debt-equity swap for the turnaround of The Daiei, Inc. and our Firm's representation of DIP lenders in the provision of DIP financing to Footwork Express Co., Ltd. and Honma Golf Co., Ltd.
AM&T's expertise extends to both cross-border and domestic bankruptcy matters. Our strong relationships with law firms around the world enables us to provide responsive and timely advice on the disposition of international assets in connection with the collapse of Japanese multinational companies. In close collaboration with leading global law firms, we regularly provide comprehensive disposition services to Japanese creditors in relation to multi-jurisdictional insolvency proceedings against international companies. Recently, we represented a Korean debtor company in protecting its properties in Japan against the recognition and enforcement in Japan of a Korean court's judgment in insolvency proceedings.