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Banking and finance – Independent local firms

Index of tables

  1. Banking and finance – Independent local firms
  2. Leading individuals
  3. Next Generation Partners

Next Generation Partners

  1. 1

The finance and banking advice at Anderson Mori & Tomotsune covers conventional lending and financing transactions as well as structured finance and regulatory issues. Takashi Akahane recently acted for Ernst & Young as advisor to the Kobe City government on the privatisation through concession of Kobe Airport which involves significant project financing issues. Meanwhile, Satoshi Inoue represented the lead arrangers in the drafting of all financing and security documents pertaining to the development and maintenance of a high-capacity fiber-optic submarine cable. In the renewable power space, Hiroaki Takahashi acted as lenders' counsel with regards to the development of a large-scale wind power project; he also teamed up with senior foreign counsel Bryan Dunn to oversee the development of several high-end residential buildings. Other key names include Hirohito Akagami, Raku Raku, associate Koji Kawamura and special counsel Takehiro Shibuya.

Anderson Mori & Tomotsune - Japanese translation: アンダーソン・毛利・友常法律事務所 ・ 安德森·毛利·友常律师事务所 は財務・金融分野において、一般的な貸付や融資関連の取引にとどまらず、ストラクチャードファイナンスや規制関連の問題についても助言を提供しています。赤羽貴氏はErnst & Young のアドバイザーとして、巨大プロジェクトの財務問題を抱える神戸空港のコンセッションによる民営化について神戸市に対応しました。 また、井上聡氏は、高機能光ファイバー海底ケーブルの開発と維持管理に関する財務関連機密文書の草案作成において、代表アレンジャーの代理人を務めました。 再生エネルギー分野では、高橋宏明氏が、大規模風力発電プロジェクトの開発に関して融資機関側の顧問弁護士を務めました。また、同氏は外国法事務弁護士のブライアン・ダン氏と共に、高級住居建築物の開発の監督も行っています。 その他、注目すべき人物として、赤上博人氏、楽楽氏、アソシエイトの河村浩司氏、スペシャル・カウンセルの渋谷武宏氏が挙げられます。

The banking and finance team at Mori Hamada & Matsumoto acts for lenders in syndicated loans, project financing, real estate financing, regulatory matters and intervenes in LBO financing transactions. Naoya Shiota represented KKR in the financing of its acquisition of Calsonic Kansei's outstanding shares through a tender offer and the subsequent squeeze-out procedure; Takahiro Kobayashi and Akira Marumo teamed up to assist SoftBank with a refinance deal to structure a large-scale syndicated loan to refinance several past acquisitions, including those of Sprint and ARM Holdings. Also notable are recently promoted partner Yusuke Suehiro, who was part of the team advising DBJ and other lead arrangers in the project financing of an LNG power plant, and Hiroki Aoyama, who counselled SMBC with regards to its DIP finance to Takata following the latter's filing of civil rehabilitation to restructure its debt.

The banking team at Nagashima Ohno & Tsunematsu handles the full gamut of loans and financing transactions in the aircraft, shipping, real estate and projects space. SMBC recently appointed a team led by financial services regulatory expert Taku Umezawa to oversee its acquisition of American Railcar Leasing, and Terukazu Katsuyama advised the Development Bank of Japan as senior lender on the project financing of a biomass power plant in China. On the real estate front, Kenji Utsumi and Yoshinobu Koyama assisted Gaw Capital with its acquisition of the Minatomirai Center Building, while Mami Ikebukuro counselled Sumitomo and Sumisho Realty Management on the formation of a fund for investment into the US real estate market. Jiro Mikami is also a key name in the real estate finance practice. Fumihide Sugimoto leads the team and Shinichiro HoraguchiHiroshi Fujiwara and Hideaki Suda were promoted to partner.

Nishimura & Asahi's Tatsuya Tanigawa, Tatsuya Nakayama and Shingo Yamada advised Nippon Life Insurance on its agreement with Deutsche Bank to acquire a 5% interest in its global asset management subsidiary, DWS. The group also handled the reorganisation of the Rakuten group, including the financial regulatory aspects, and has been assisting clients with issues arising from fintech, new technologies and e-money. Other key names to note include Takashi Ejiri, Masahiro Ueno and Makoto Igarashi.

Atsumi & Sakai has been advising startups, IT vendors and financial institutions on the increasing presence of new technologies in the banking and insurance sector, while also maintaining a strong traditional financing, lending and asset finance practice. The team continued to expand its ranks with the addition of Akimoto Kawamura from Citigroup and Michiro Suenaga from Sidley Austin Nishikawa Foreign Law Joint Enterprise, as well as the promotion to partner of Kenichi Tanizaki. The Fintech Association of Japan recently appointed the group to assist with the drafting of an agreement on the use of a bank API with a software vendor, and Takafumi Ochiai teamed up with Yuri Suzuki to provide ongoing counsel the Japan Blockchain Association with regards to virtual currency exchange regulations. In further highlights, Bonnie Dixon oversaw a high-value senior secured asset-based revolving credit facility in connection with a corporate acquisition, and Ochiai represented a bank in the creation of distributed securities using block chain and ICOs.

Yoshiyasu Yamaguchi's banking and finance team at TMI Associates recently bolstered its senior ranks through the promotion to partner of Junji Shiraki, Mizuki Koshimoto and Takatsugu Kitajima. In recent highlights, Haruo Narimoto and Koshimoto acted for a foreign real estate client in the licensing issues and investment schemes for the expansion of its business in Japan, while Jumpei Osada advised Univership as arranger and a group of lenders on a number of ship financing mandates. Also notable are Shinji Katayama and Takuma Taki, who provide ongoing advice to infrastructure funds, and Yoshikazu Noma has been assisting a Japanese leasing company as borrower and TK underwriter for a series of JOLCO schemes; he also oversaw the development and sale of several warehouses and residential properties to JREITs and foreign investors.

Full-service firm City-Yuwa Partners fields attorneys such as Junko HirakawaIzuru Goto and Noriyuki Katayama to advise a wide range of domestic and international clients on the whole spectrum of asset financing, leasing, regulatory and fund issues. The group has substantial experience acting for securities firms and real estate companies in the setting up and administration of investment funds including the compliance aspects of shareholder reports. Other key names include Yoshitada Ogiso, Yasuyuki Kuribayashi and Eri Furukawa.

Hirotada Inoshita specialises in regulatory mandates and cross-border transactions and spearheads Marunouchi International Law Office's banking and financing offering. For financial regulation advice, clients can rely on Hiroshi Hori, while Taku Ishizu has substantial expertise in the private equity and investment funds space.

Banking and finance – International firms and joint ventures

Index of tables

  1. Banking and finance – International firms and joint ventures
  2. Leading individuals
  3. Next Generation Partners

Leading individuals

  1. 1

Next Generation Partners

  1. 1

The 'excellent' banking team at Allen & Overy Gaikokuho Kyodo Jigyo Horitsu Jimusho is noted for its 'swift responses, forward-looking approach and excellent team coordination'. Practice co-heads Matthias Voss and Scott Neilson are the key senior names to note and recently acted for a group of export credit agencies and lenders on the financing of the Coral FLNG project in Mozambique. On the junior side, clients recommend 'truly bilingual' senior associate Hitomi Komachi, while senior associate Akira Takahashi played a key supportive role in several matters including advising JICA on the project financing for a dual fuel combined-cycle power plant in Bangladesh. Other notable clients include NEXI, Sumitomo, JBIC and SMBC.

Baker McKenzie (Gaikokuho Joint Enterprise) advised SMBC on the financing of Asahi's €7.3bn acquisition of several brands in Eastern Europe being spun-off from SABMiller, and acted for Total and SunPower in the financing of a photovoltaic power plant in Miyako. Counsel Haruhiko Ogasawara teamed up with practice co-head Gavin Raftery to assist Pacifico with the structuring, licensing, documenting and closings of a private fund established to invest in solar power projects in Japan. Meanwhile, Tsutomu Kobayashi led the advice to Shinsei Bank, the arranger and lender of a syndicated loan to the Canadian Solar Infrastructure Fund. Other key contacts include practice co-head Naoaki Eguchi, Yasuhisa Takatori, Pierre Chiasson and Shinichiro Kitamura.

Under the leadership of Masayuki Okamoto, the 'very professional and reliable' banking team at Clifford Chance Law Office provides the full gamut of services for an enviable client roster of heavyweight domestic and multinational names. Recently strengthened by the promotion to partner of Hans Menski, and the arrival of senior associate Dan Park from the Seoul office, the practice acted as transaction counsel and special Japanese advisor to Avalon Capital as seller and financier of an aircraft to ORIX. Client-recommended counsel Akihiko Takamatsu handled a refinancing transaction for Sky Aviation by way of an aircraft-backed secularisation, and Ross Howard teamed up with Yusuke Abe to advise Vinci Airports on the privatisation of Kobe Airport through a 42-year concession. Other work highlights include acquisition and asset financing mandates in the shipping sector where Hidehiko Suzuki is a key name to note.

Under the leadership of managing partner John Maxwell, Linklaters acts for several high-profile Japanese and domestic clients as lenders, arrangers and borrowers in the financing of private equity and corporate M&A transactions. Onishi recently advised SMBC, MUFG and Mizuho on the proposed JPY2tn acquisition of Toshiba Memory by Bain Capital, and assisted SMBC on a senior facilities agreement to Ooedo Onsen Monogatari for the recapitalisation and refinancing of its existing debt. In other highlights, the group handled a number of bilateral currency swap arrangements and intervened in a high-value project financing transaction. Counsel Zenya Onishi joined White & Case LLP - White & Case Law Offices (Registered Association) as a partner in April 2019.

Dominic Gregory and Kensuke Inoue jointly lead the banking and finance team at Ashurst; Gregory recently acted for MUTB in the transfer of several structured finance loan agreements to MUFG Bank, and teamed up with Inoue to handle a loan financing to ICICI on behalf of JBIC. On the projects front, the team is representing the lenders in the financing of the Vung Ang imported coal-fired power project, and senior associates David McCormick and Naoto Suzuki were part of the team that assisted Caribbean Gas Chemical with the financing and development of a methanol plant and associated dimethyl ether production facility in Trinidad and Tobago. Matthew Bubb relocated to the Melbourne office.

Milbank's outstanding strength lies in project financing as shown by practice head Aled Davies' advice to ICBC, the underwriter of a $2bn financing for the construction of two towers in Jakarta. Also notable is the group's work for Mitsubishi and shipping company NYK Line as sponsors to the financing of a fleet of vessels for the transportation of LNG; associate Justen Fleming played a key supportive role in this mandate. Senior associate Andrew Pendleton is also a name to note.

The banking team at Morrison & Foerster LLP advises domestic and international clients on acquisition finance, project finance, regulatory matters and derivatives transactions. In recent highlights, Keiko Yamazaki acted for a major Japanese bank in financing a series of high-value acquisitions across several industries. Also notable is senior counsel and team co-head Akihiro Wani who is advising CLS on the Japanese law aspects pertaining to the enforcement of trade terms and conditions in the context of international fund transfers. Dale Caldwell, the other co-head of the group, has significant experience in project finance transactions. Other key contacts include senior counsel Katsuhiko Fujihira who has been advising clients on the regulatory issues surrounding virtual currency exchange businesses.

White & Case LLP - White & Case Law Offices (Registered Association) handles leveraged and structured finance deals but is also strong in the asset finance space, particularly with regards to shipping and aviation assets. Avianca recently appointed a team led by practice head Simon Collins to advise on the JOLCO financing of a Boeing 787-8 Dreamliner. A number of other clients, such as the Bank of Tokyo-Mitsubishi and Aeromexico, also instructed the team on the JOLCO financing transactions. In other highlights, Keisuke Imon was recently promoted to partner and teamed up with Collins to counsel the Development Bank of Japan on its financing of Tokyo Gas' acquisition of shares in an Indonesian gas distributor. Zenya Onishi joined as a partner from Linklaters in April 2019.

Jones Day recently advised JBIC, MUFG and SMBC as lenders of a $500m syndicated credit facility to Chilean mining company Minera Escondita. The team is spearheaded by of counsel Hirokazu Ina who also handled an inter-branch loan transaction on behalf of Banco do Brasil, and acted for IBJ Leasing as guarantor of the loan extended by AO Mizuho to OAO Terneyles.

The banking group at K&L Gates regularly advises Japanese and international banks, leasers and trading houses in relation to asset finance for real estate, shipping, aviation and telecom equipment matters. Recently bolstered by the arrival of Eric Sedlak from Jones Day, the team assisted Tokyo Century on its agreement to acquire a 20% stake in US-based aircraft leasing company Aviation Capital, which involved the due diligence and financing of all aircraft assets owned by the target company. In another highlight for the practice, department head Robert E Melson Jr. teamed up with J. Ryan Dwyer and Takahiro Kawaguchi to advise a leaser on the acquisition and financing of a host of aircraft assets as well as a loan restructuring. Other key contacts include Sebastian Smith and counsel Peter Snodgrass.

King & Spalding fields banking and finance experts, such as office managing partner John McClenahan, to act in a wide range of matters including non-recourse lending, credit facilities and project financing; the latter facet was recently strengthened by the recruitment of former Asian Development Bank head of PPP Ryuichi Kaga as senior adviser. The team has a strong record in the financing of conventional and renewable power projects across South East Asia for clients such as JBIC, Marubeni, Mitsui and Japan Wind Development.

Latham & Watkins Gaikokuho Joint Enterprise's finance team has expertise in the energy sector, where Joseph Bevash and the client-recommended Michael Yoshii are instructed in high-value, high-profile cross-border project financing transactions. The pair recently acted for JBIC and commercial bank lenders in the $3.35bn financing for the development of the Tanjung Bati coal-fired power project in Indonesia. Meralco also appointed a team, including counsel Richard Fleming, as sponsor to oversee the project financing for the development of a coal-fired power project in the Philippines.

The banking and finance lawyers at Norton Rose Fulbright 'provide proper advice to complete deals on a timely basis and always think of their clients' best interests'. Highly regarded shipping and offshore specialist Paul Coggins acted for ORIX in its acquisition of around $259m worth of shipping loans from RBS. In other highlights, Adrian Joyce led the advice to SMBC with regards to a NEXI-backed loan to Alfa Bank, while of counsel Jason Lemann was part of the team that assisted two international banks with elements of a project financing transaction for a long-term FPSO chartering service. The practice is spearheaded by George Gibson who has substantial experience in the project finance space, particularly in emerging markets. Jeremy Gibb retired from the partnership but has taken on a position as consultant within the banking team.

Ropes & Gray LLP is especially strong in the leveraged financing space. Practice head Tsuyoshi Imai and new partner Ben Morris led a cross-office team to represent Bain Capital and a consortium including Apple and Dell throughout the auction of Toshiba's semiconductor business. The pair also acted for Bain in its leveraged tender offer for leading Japanese advertising agency Asatsu DK. Elsewhere, an asset management company appointed the group to oversee a loan to the parent of a South East Asian casino operator.

Shearman & Sterling's banking and finance team has a strong track record in the energy sector. While George Borovas specialises in the development and financing of nuclear projects, Etienne Gelencsér covers the full gamut of asset, acquisition and structured finance transactions on behalf of financial institutions and corporate entities. The group acted for JBIC and Mizuho as lenders, as well as NEXI as investment insurer, on the financing of the 350MW solar power project in Andhra Pradesh, India. On the corporate side, Kenneth Lebrun is the main name to note.

Senior legal consultant Kentaro Tsuboi is the name to note in Freshfields Bruckhaus Deringer's Tokyo banking and finance team. In recent highlights, Tsuboi advised the Japan Bank for International Cooperation on its loan to the government of Ecuador for several energy efficiency projects, as well as its financing to Vietnam Electricity for the construction of a coal-fired power generation plant in the Binh Thuan providence. The practice is jointly led by Don Stokes – who divides his time between Singapore and Ho Chi Minh City – and Edward Cole who recently acted in a number of project financing matters. Other clients include Asian Development Bank, Morgan Stanley and X-ELIO Energy SL.

At Morgan Lewis & Bockius LLP , Christopher Wells and Tomoko Fuminaga represent banks, securities firms, trust management companies and asset managers across the full gamut of banking and finance mandates. The practice is especially noted for its work in the funds space where it advises on the setting up, licensing, operation and administration of investment funds in Japan.

Orrick, Herrington & Sutcliffe LLP's primary focus is on the renewable energy space where its finance practitioners intervene in the development and financing of major power projects such as the wind power generation project in Tsugaru City and the Ohorayama project in Kochi prefecture. Infrastructure expert Yoichi Katayama and Minako Wakabayashi feature among the names to note.

Toshiyuki Arai leads the banking offering at Paul Hastings LLP and has been providing regulatory advice to clients such as Gemini and China Union Pay on a variety of issues including the marketing of cryptocurrency exchange services. Other work highlights include assisting clients with the local law aspects of payment card promotions involving lucky draw rewards, and the implementation of mobile payment agreements and electronic payment services with local acquirer networks across South East Asia.

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Tokyo Anti-Corruption Forum 2018

  • China and Hong Kong GC Powerlist

    In May, The Legal 500 and GC Magazine in partnership with Morrison & Foerster co-hosted the first in a series of Anti-Corruption Forums set to take place across Asia. Held exclusively for senior in-house counsel, the event brought together 25 leading general counsel, heads of legal and heads of compliance from across Japan to discuss current anti-corruption trends and share best practices to mitigate emerging risks.

    Tokyo Anti-Corruption Forum 2018

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