Banking and finance: International firms and joint ventures in Japan

Allen & Overy Gaikokuho Kyodo Jigyo Horitsu Jimusho

The banking and finance team at Allen & Overy Gaikokuho Kyodo Jigyo Horitsu Jimusho is especially renowned for its expertise in the project financing space, but it also has a strong track record in credit facilities as well as syndicated and mezzanine loans. Joint practice heads Scott Neilson and Matthias Voss represent an impressive and varied client roster of both lenders and sponsors. In recent highlights, the group has been particularly active in vessel financing, with several mandates involving FLNG, FSRU, and passenger vehicles. Also notable in the team are senior associates Akira Takahashi and Xue Wang.

Practice head(s):

Matthias Voss; Scott Neilson

Other key lawyers:

Xue Wang; Akira Takahashi

Key clients

Japan Bank for International Cooperation (JBIC)

Nippon Export and Investment Insurance (NEXI)

Japan International Cooperation Agency (JICA)

MUFG Bank., Ltd. (MUFG)

Sumitomo Mitsubishi Banking Corporation (SMBC)

Mizuho Bank (Mizuho)

China Development Bank (CDB)

Export-Import Bank of China (CEXIM)

Asian Development Bank (ADB)

Korea Eximbank (KEXIM)

Work highlights

  • Advised the lenders in relation to the development, construction, and operation of the 1760MW Jawa-1 Gas-fired power plant in Indonesia.
  • Advising the Prospective ECA and lenders in relation to the proposed multibillion-dollar Rovuma LNG Project.
  • Advised Marubeni and KEPCO as joint Japanese and Korean sponsors and developers on the development and financing of the 1,200MW Nghi Son 2 build-operate-transfer coal-fired power plant project in Vietnam.
  • Advised the finance parties on a project that consists of the design, development, construction, commissioning, procurement, financing, maintenance, and operation of a new hydro-cracking complex Egypt.
  • Advised a Japanese company on the financing of two vessels for the transport of LNG from the Cameron LNG project.

Baker McKenzie (Gaikokuho Joint Enterprise)

Baker McKenzie (Gaikokuho Joint Enterprise) handles a wide variety of transactional banking work, particularly domestic and cross-border acquisition finance, project finance, PFI/PPP matters, structured finance and real estate finance transactions. The banking and finance team also regularly advise on regulatory issues in the finance sector, particularly on FinTech matters. Naoaki Eguchi has a strong track record in the power project space and jointly leads the group with Gavin Raftery who is an expert in financial regulation and fintech. Masato Honma is a co-leader of the financial institutions group in Tokyo and is another key name to note alongside Shinichiro Kitamura and counsel Haruhiko Ogasawara .

Practice head(s):

Naoaki Eguchi; Gavin Raftery

Testimonials

‘Baker McKenzie has huge experience in leveraged finance, its worldwide network is one of the most suitable for cross-border transactions.’

‘Baker McKenzie’s banking and finance team in Japan has a strong expertise in project finance and LBO financing and other complex loan transactions in Japan, as well as a good combination of Japanese bengoshi and foreign attorneys.’

‘Shinichiro Kitamura has huge experience in leveraged finance in Japan, and he is one of the most reliable tough negotiater.’

‘Shinichiro Kitamura and Gavin Raftery are always listen to clients’ needs carefully, and comply to deadlines. Their expertise in loan transactions are truly great but they can also leverage the firm’s other resources. They are top tier lawyers in their field in Japan.’

Key clients

Mizuho Bank

MUFG Bank

Sumitomo Mitsui Banking Corporation

Sumitomo Mitsui Trust Bank

Shinsei Bank

Pacifico Energy K.K.

Volkswagen Financial Services

JBIC

Trina Solar Limited

Universal Entertainment Corporation

Work highlights

  • Advised the Aviation Department on the Fukuoka International Airport Public Private Partnership.
  • Advised Mitsubishi UFJ Trust and Banking Corporation on its agreement to acquire Colonial First State Global Asset Management from Commonwealth Bank of Australia for AUS$4.1bn, including on financial services regulatory issues in Japan and abroad.
  • Assisted Fuji Oil Holding, a global leader in oil and fat ingredients serving the food industry, on the financing of its acquisition of Blommer Chocolate Company.
  • Advised Volkswagen Financial Services Japan on the seventh and eighth issuances under its award-winning auto loan securitisation platform, Driver Japan.

Clifford Chance

Clifford Chance Law Office has expertise across a broad range of financings, including complex syndicated financings, bilateral and corporate loans, leveraged and acquisition finance, aircraft and ship finance, project and infrastructure finance, export finance, real estate, and development financing. The team fields both gaiben and bengoshi to service a blue-chip client roster of private equity sponsors, borrowers, and corporates. Nicolas Cookson was recently promoted to counsel and senior associate James Shepherd has relocated to Tokyo from the London office. Also notable is counsel Akihiko Takamatsu who has broad experience in the finance space. Hidehiko Suzuki and Masayuki Okamoto retired from the practice.

Practice head(s):

Yusuke Abe; Hans Menski

Other key lawyers:

Nicolas Cookson; Akihiko Takamatsu

Testimonials

‘At Clifford Chance, they not only understand the legal matters but also the Japanese corporate culture and communication procedures.’

‘The team is excellent in its knowledge of the requirements of unique Japanese title holder structure. The members are agile with their transaction work and follow-up with counterparts, possess excellent drafting skills and provide adequate resources to the client.’

‘Yusuke Abe is very supportive and responsive to any questions and requests may make. He is a very good leader managing his subordinates.’

‘Akihiko Takamatsu is a highly experienced lawyer with in-depth knowledge of the aviation finance market and sincere enthusiasm for their work.’

Key clients

Sumitomo Mitsui Banking Corporation

Japan Bank for International Cooperation

Citigroup

CVC

BNP Paribas

MUFG Bank

Development Bank of Japan Inc.

VINCI Airports S.A.S.

JP Morgan Chase

Mizuho Bank

Work highlights

  • Advised Citibank, JBIC and NEXI in relation to a NEXI-covered loan by Citibank and JBIC loan to MacLin Spring Maritime S.A., for the purpose of financing the purchase of a vessel to be built by Oshima Shipbuilding Co., Ltd.
  • Advised JBIC on an equity investment JX Nippon Mining & Metals Corporation with financial support in order for JXNMM to acquire all shares in H.C. Starck Tantalum and Niobium GmbH from H.C. Starck GmbH.
  • Advised BOC Aviation Limited on its aircraft leasing to ANA.
  • Advising HDR Global Trading on various matters relating to its operation of the BitMEX crypto derivatives trading platform.

Ashurst

The banking and finance team at Ashurst was recently bolstered by the arrival of project finance expert David Wadham from the London office; he now co-heads the practice with Kensuke Inoue. With strong expertise in cross-border project financing and restructuring, the team regularly acts for major sponsors, including trading houses, or multilateral finance institutions, export credit agencies, and commercial banks. In the junior ranks, senior associate David McCormick is a name to note. Dominic Gregory joined Bryan Cave Leighton Paisner LLP in Singapore.

Practice head(s):

Kensuke Inoue; David Wadham

Other key lawyers:

David McCormick

Key clients

Japan Bank for International Cooperation (JBIC)

Korea Development Bank (KDB)

Credit Agricole Corporate and Investment Bank (CACIB)

Sumitomo Mitsui Banking Corporation

Mizuho Bank

Asian Development Bank

Export-Import Bank of Korea

Bank of America Merrill Lynch

Work highlights

  • Advised JBIC, EKF and the 16 commercial lenders in relation to all aspects of the development, construction and financing of the 950MW Moray offshore wind farm off the coast of Scotland.
  • Advised FCC Aqualia as the lead consortium member on all aspects of its bid for four major water and waste water projects in Saudi Arabia.
  • Advised KDB and CACIB as lenders on the bid by Samsung, COBRA, and Orascom to develop, construct, own, and operate a major RO desalination facility at Taweelah in the UAE.

Linklaters

Linklaters has a strong track record advising the lenders, arrangers, and corporates on both private equity-related deals and corporate acquisition deals. John Maxwell's Tokyo-based team is currently advising Takeda Pharmaceutical Company as the borrower on its $30.85bn bridge loan agreement for its £46bn recommended offer for Shire plc, the subsequent $7.5bn term loan agreement, the $4.5bn senior short term loan facility agreement, and the $3.7bn loan from JBIC for the intended refinancing programme. Also notable is the group's work for government institutions in the context of their overseas investments. Zenya Onishi joined White & Case LLP - White & Case Law Offices (Registered Association).

Practice head(s):

John Maxwell

Key clients

MUFG Bank, Ltd.(MUFG)

Mizuho Bank, Ltd. (Mizuho)

Sumitomo Mitsui Banking Corporation (SMBC)

Nomura Capital Investment Co., Ltd.

The Norinchukin Bank

Sumitomo Mitsui Trust Bank, Limited (SMTB)

Australia and New Zealand Banking Group (ANZ)

Bank of America Merrill Lynch

Japan Bank for International Cooperation (JBIC)

UBS AG

The Tokyo Star Bank, Limited

Takeda Pharmaceutical Company Ltd

Deutsche Bank AG

Work highlights

  • Advised Sumitomo Mitsui Banking Corporation, The MUFG Bank, Ltd.and Mizuho Bank, Ltd. as Mandated Lead Arrangers for the potential $19bn acquisition of Toshiba Memory by Bain Capital which was completed in June 2018. The group continues to advise the three banks on the approx. JPY 1tn refinancing which the sponsor is considering.
  • Advised Takeda Pharmaceutical Company as the borrower on the $30.85bn bridge loan agreement for its £46bn recommended offer for Shire plc.
  • Advised Takeda Pharmaceutical Company as the borrower on the $7.5bn term loan agreement arranged and underwritten by leading global financial institutions including J.P. Morgan Chase Bank N.A., Sumitomo Mitsui Banking Corporation, MUFG Bank, Ltd. and Mizuho Bank, Ltd., to partially reduce the commitments under the bridge facility.

Milbank

In addition to syndicated lending, Milbank is active in asset financing (especially LNG carriers and telecom equipment), corporate loans and export credit agency loans for sovereign and corporate borrowers across various sectors, private equity leveraged financing for acquisitions, and borrowing-base facilities for the oil and gas sector. Practice head Aled Davies represents global financial institutions operating in Asia not only in their lending transactions but also in strategic corporate/M&A mandates. Senior associate Andrew Pendleton is also a notable member of the team.

Practice head(s):

Aled Davies

Other key lawyers:

Andrew Pendleton

Key clients

Industrial and Commercial Bank of China (ICBC)

Banco Santander

ING Bank

BNP Paribas

The Export & Import Bank of China (CEXIM)

SMBC

BTMU

JBIC

Mizuho

Morrison & Foerster LLP

Morrison & Foerster LLP's team of US-qualified lawyers and Japanese bengoshi advises sponsors, senior lenders, and mezzanine lenders in high-profile acquisition finance transactions under the joint leadership of Akihiro Wani and Dale Caldwell, the latter of whom has been on secondment with SoftBank. The group focuses on bank regulatory matters, acquisition finance, project finance, real estate finance, and derivatives matters. Also notable are M&A finance and real estate finance expert Keiko Yamazaki, senior of counsel Katsuhiko Fujihira, and of counsel Reiko Omachi, who regularly assists financial institutions with cross-border regulatory issues. Managing associate Yosuke Unami joined Linklaters.

Practice head(s):

Dale Caldwell; Akihiro Wani

Key clients

CLS Bank International

Work highlights

  • Providing advice to CLS Bank on updating a Japanese law opinion on the enforceability of trade terms and conditions of CLS Bank International, engaged in the settlement of international fund transfers.

Norton Rose Fulbright

Norton Rose Fulbright is particularly well-known for its capabilities in asset finance – especially in the transportation space – project finance, and corporate finance. Practice head George Gibson recently guided the practice through several notable matters, such as its counsel to SMBC as coordinating bank on the offshore project financing of a floating production, storage, and offloading system for use in the Area 1 block offshore Mexico. Paul Coggins specialises in the shipping and offshore sector, while Adrian Joyce leads the Japanese-speaking team with a particular focus on the energy space. Also notable is Julien Bocobza who has considerable experience advising on power and infrastructure project finance transactions in emerging markets.

Practice head(s):

George Gibson

Testimonials

‘The team has a complete commitment to the process and the clients. Tight deadlines are managed well and the partners remain heavily involved with processes. They also demonstrate a willingness and ability to understand and solve commercial issues before structuring them legally.’

‘Norton Rose Fulbright carries a strong expertise in international ship financing for decades. The partners have distinguished capabilities in the maritime space.’

‘Adrian Joyce usually acts as legal advisor for lenders. The group is thorough in every financial agreement.’

‘Adrian Joyce is an excellent lawyer to work with. He is high-energy, flexible, commercial, positive and thoroughly knowledgeable.’

‘Paul Coggins is a friendly and wise partner lawyer with extensive practical experiences in the shipping financing space. He can deliver high-quality results in time and respond to clients’ requirement swiftly.’

‘Adrian Joyce is a very hardworking lawyer. He always exhibits tireless efforts in all aspects of his professional attributes.’

‘Adrian Joyce always gives the project a driving force when parties face obstacles. He and his associates, Jonathan Wang and Charlotte Hornby, have commercial minds and give the project valuable input with punctuality.’

Key clients

Bank of America N.A.

BNP Paribas

ING Bank

Japan Bank for International Cooperation

JERA

Mitsubishi Corporation

Mitsui & Co., Ltd.

Mitsui O.S.K. Lines, Ltd.

Mizuho Bank

MUFG Bank

Nippon Yusen Kabushiki Kaisha (NYK)

ORIX Corporation

Sumitomo Mitsui Banking Corporation

Tokyo Gas Co., Ltd.

Work highlights

  • Advising BNP Paribas on the first JOLCO transaction involving marine containers for a Chinese financial leasing house.
  • Advising NT1 and NT2 on the non-recourse refinancing of two LNG vessels.

Ropes & Gray LLP

Ropes & Gray LLP recently closed the acquisition of Toshiba Memory Corporation by a consortium led by Bain Capital, and advised on the $1.4bn tender offer by Bain for Asatsu DK. The team – jointly led by Tsuyoshi Imai and Ben Morris – is particularly strong in the leveraged buyout space and is known for its innovative financing structures such as accordion facilities, offshore-to-onshore structures, and inter-creditor terms.

Practice head(s):

Tsuyoshi Imai; Ben Morris

Key clients

Bain Capital

Baring Private Equity

Toshiba Memory Corporation

Nissan Motors Corporation

Work highlights

  • Acting for Bain Capital in connection with the senior and mezzanine financing in support of its tender offer bid for 100% of the shares in KOSAIDO, Co. Ltd., a printing, IT and funeral services company listed on the Tokyo Stock Exchange.
  • Working with Toshiba Memory Corporation in connection with its JPY1.3tn refinancing and recapitalisation of its existing senior and mezzanine financing, using the proceeds of new JPY1tn senior facilities (JPY900bn of term loans and a JPY100bn revolver) and a JPY300bn mezzanine investment by the Development Bank of Japan, Inc. in the form of non-convertible preferred shares

White & Case LLP - White & Case Law Offices (Registered Association)

Zenya Onishi arrived at White & Case LLP - White & Case Law Offices (Registered Association) from Linklaters to head up the former's banking and finance practice. Onishi has substantial expertise in leveraged finance, acquisition finance, and cross-border syndicated loan transactions. The practice group is renowned for its strong work in the asset finance space, where transportation sector specialist Simon Collins is the main name to note. Keisuke Imon is a key name in the aviation finance space and has significant expertise in JOLCO transactions.

Practice head(s):

Zenya Onishi

Other key lawyers:

Simon Collins; Keisuke Imon

Testimonials

‘Simon Collins has in depth knowledge of aviation leasing in Japan. He is very knowledgeable on both JOL and JOLCO structures.’

‘Christian Orton is an excellent associate.’

‘White & Case has a very well established aviation practice in Japan and acts for many of the key industry players.’

‘The practice has excellent commercial insight and an excellent understanding of the Japanese aviation market.’

Key clients

Avianca

BNP Paribas

The Development Bank of Japan

Deutsche Bank

The Japan Bank for International Cooperation

Mizuho Bank

MUFG Bank, Ltd.

Sumitomo Mitsui Banking Corporation

Vermillion

Work highlights

  • Representing JBIC in its $3.7bn acquisition financing for Takeda Pharmaceutical Company to acquire Shire Plc
  • Represented Sumitomo Mitsui Banking Corporation, MUFG Bank, Ltd. and Mizuho Bank, Ltd. as mandated lead arrangers on the JPY900bn in new senior loans and an additional commitment line of JPY100bn for Toshiba Memory Holdings Corporation.
  • Represented BNP Paribas in connection with the financing of five Airbus A321 Aircraft for VietJet, Vietnam’s leading global low-cost airline.
  • Represented Avianca, the national airline of Colombia, in connection with a $100m loan guaranteed by UK Export Finance (UKEF) to finance one Boeing 787-8 aircraft for Avianca, which was structured as a JOLCO.
  • Represented Vermillion, the leading Ireland-based aircraft leasing company, on a joint venture between Cheung Kong Holdings and MC Aviation Partners.

K&L Gates

The banking and finance experts at K&L Gates have significant experience in all aspects of acquisition finance, with specific expertise in the areas of real estate, aircraft, ship, rail, container and telecom equipment finance. Most notably, the team has developed real expertise in the aviation sector through its routine representation of airlines and operating lessors, financiers, export credit agencies and manufacturers. Robert Melson and Takahiro Kawaguchi jointly spearhead the practice. Also noteworthy are JOLCO specialist Sebastian Smith, securitisation expert Neil Campbell and Tsuguhito Omagari who recently joined the firm from Sonderhoff & Einsel Law and Patent Office. Counsel Tomohiro Kitada also recently joined from The Bank of New York Mellon's Tokyo branch.

Practice head(s):

Robert Melson; Takahiro Kawaguchi

Testimonials

‘Bob Melson has put together the best global team for banking and finance in Asia. It is especially talented in aircraft finance, with the capability to advise on New York, English, Japanese, German, Singaporean and HK laws all with lawyers based in Asia.’

‘This is probably the top aviation practice in Japan of any Western law firm. It has a strong capability acting for borrowers, lessees, lessors and lenders.’

‘Bob Melson is hands-down the best finance lawyer Asia. He brings over 20+ years of experience working in Asia to each deal on which he advises. He understands all the business points in addition to the legal points. He is the most commercially aware attorney around.’

Key clients

Tokyo Century Corporation

Sumitomo Mitsui Finance & Leasing Co., Ltd.

Sumitomo Mitsui Banking Corporation

JP Lease Products & Services Co, Ltd.

Financial Products Group Co., Ltd.

Deutsche Bank AG

Chishima Real Estate Co., Ltd.

Development Bank of Japan Inc.

IBJ Leasing Company, Limited

MUFG Bank, Ltd. (the Japanese mega bank that resulted from the merger of the Bank of Tokyo-Mitsubishi, Ltd. and UFJ Bank Ltd.)

NTT Finance Corporation

Vietjet Aviation Joint Stock Company

Work highlights

  • Advised JP Lease Products & Services Co., Ltd. and Stratos Aircraft Management on a first-of-its-kind “JOL AIR 2019-1” aircraft lease asset-backed security transaction in which JP Lease acquired 15 aircraft with an aggregate value of $683.2m from GE Capital Aviation Services and Pembroke Capital Aircraft, among others, involving 11 lessees in ten countries and across three continents.
  • Advised a major Japanese leasing company on the acquisition and financing of a six aircraft portfolio from General Electric Capital Aviation Services.
  • Advised Vietjet on its first-ever JOLCO financings in respect of two separate transactions negotiated simultaneously, involving a total of six Airbus A321-211ceo aircraft, which formed part of a 300-plus aircraft order.

King & Spalding

King & Spalding's banking and finance lawyers act for the sponsors, banks, or borrower in cross-border financing transactions. John McClenahan and Mark Davies' team has recently been advising JBIC and ADB on the $1.29 bn Gulf-SRC IPP project in Thailand, and covers infrastructure and project finance, energy and resource project financings, acquisition finance, structured finance, and asset finance transactions for Japanese and Korean clients around the world.

Practice head(s):

John McClenahan; Mark Davies

Key clients

Japan Bank for International Cooperation

Asian Development Bank

MUFG Bank

Sumitomo Mitsui Banking Corporation (SMBC)

Mizuho Bank

Marubeni Corporation

MODEC Inc

Mitsui & Co

Korea Export-Import Bank

Mitsubishi Corporation

Mitsubishi UFJ Trust and Banking Corporation

Standard Charter Bank

Development Bank of Singapore

Clifford Capital

Sojitz Corporation

APICORP

Work highlights

  • Advised Japan Bank for International Cooperation and Asian Development Bank on all aspects of their participation in the project financing of the 2,500MW GSRC power project in Thailand.
  • Acting for Korea Electric Power Corporation on the financing of their bid and their bid for the Tanajib co-generation project in Saudi Arabia.
  • Advising JBIC on the project financing of the $2.5bn Vung Ang II 1,200 MV coal-fired IPP in Vietnam.

Latham & Watkins Gaikokuho Joint Enterprise

Latham & Watkins Gaikokuho Joint Enterprise's project finance offering specialises in the energy sector. New managing partner Stephen McWilliams is the key name to note in the Tokyo office; he is currently advising the lenders in the financing for the development of the Convalt greenfield solar power project in Mandalay, Myanmar. Richard Chul Kim and counsel Richard Fleming are also noteworthy. Joseph Bevash was made managing partner of the Hong Kong office and Michael Yoshii is now primarily based in Singapore.

Practice head(s):

Stephen McWilliams

Other key lawyers:

Richard Chul Kim; Richard Fleming

Key clients

Japan Bank for International Cooperation

Nippon Export and Investment Insurance (NEXI)

Marubeni Corporation

JERA Co., Inc.

Asian Development Bank (ADB)

Anadarko Petroleum Corporation

San Miguel Corporation and SMC Global Power Holdings Corp.

PT Pertamina (Persero)

Meralco PowerGen Corporation

TeaM Energy Corporation

Shearman & Sterling

Shearman & Sterling's Tokyo-based team regularly acts for JBIC, Mizuho Corporate Bank, Development Bank of Japan, SMBC, Bank of Tokyo-Mitsubishi-UFJ and Nippon Export and Investment Insurance in complex project financing transactions. Etienne Gelencsér focuses on acquisition, project and structured finance and regularly represents both financial institutions and corporate clients.

Practice head(s):

Etienne Gelencsér

Key clients

Japan Bank for International Cooperation (JBIC)

Bank of Tokyo-Mitsubishi UFJ (BTMU)

Itochu Corporation

Marubeni

Nippon Export and Investment Insurance (NEXI)

Mizuho

Development Bank of Japan, Inc.

Paul Hastings LLP

Paul Hastings LLP's banking and finance team covers financial services regulations, conventional banking transactions, new payments systems, licensing of new financial technology products, anti-money laundering implications, as well as cross-border implications, transactional advice, troubleshooting and new product development on behalf of a diverse mix of traditional and emerging banking and finance clients. Toshiyuki Arai leads the practice with a niche expertise in the payments space.

Practice head(s):

Toshiyuki Arai

Key clients

Deutsche Bank

SoftBank Corporation

JBIC

BTMU

Marubeni Corporation

Export-Import Bank of Korea

Korea East-West Power

Fortress

Aozora Bank

Energy Development Corporation

Shinsei Bank

JCB Co. Ltd

Citi Card Japan, Inc

SunRate

EdenRed

Velo Payments

Work highlights

  • Represented Sumitomo Mitsui Trust Club Co., Ltd in ongoing advice with respect to its large global clients under the umbrella of Citi’s global corporate cards.

Squire Gaikokuho Kyodo Jigyo Horitsu Jimusho

Squire Gaikokuho Kyodo Jigyo Horitsu Jimusho's financial services lawyers are seasoned in the regulatory, corporate, and tax law aspects of aircraft sales, purchases, and leasing. The firm represents manufacturers, lease brokers, charter and wet-lease operators, and pilot-training subsidiaries under the leadership of Hisao Hirose. Also notable are senior associates Asuka Fujita and Tomohiko Kamimura who have a particular focus on the debt financing side of aircraft financing.

Practice head(s):

Hisao Hirose

Other key lawyers:

Tomohiko Kamimura

Testimonials

‘The level of peripheral services and advice is very high and flexible. This team is very careful of its clients feelings and dedicated to the industry.’

‘Tomohiko Kamimura is excellent at helping clients in an entangled situation by providing the summary and options at the same time after well-thought consideration on what the best possible move would be.’

Key clients

Fuyo General Lease Co., Ltd.

ANA Holdings Inc.

Peach Aviation

Vanilla Air Inc. (formerly Air Asia Japan)

Sumitomo Mitsui Banking Corporation

Sumitomo Mitsui Trust Bank

Nippon Cargo Airlines

IBJ Leasing Co., Ltd.

ORIX Corporation

Itochu Corporation

Work highlights

  • Represented Fuyo in its operating leases of four Airbus A321 Neo aircraft for ANA Holdings.
  • Represents Fuyo in its operating lease of three Airbus A320 aircraft for Peach Aviation.
  • Represents various Japanese investors, including those introduced and arranged by Itochu Corporation and ORIX Corporation, respectively, in 20 aircraft leases.
  • Represented SMBC in more than a dozen aircraft finance transactions involving various Japanese investors in 2018.
  • Represented SMBC in more than a dozen aircraft finance transactions involving various Japanese investors in 2018.