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Nagashima Ohno & Tsunematsu

JP TOWER, 2-7-2 MARUNOUCHI, CHIYODA-KU, TOKYO 100-7036, JAPAN
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Work +81 3 6889 7000
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Fax +81 3 6889 8000
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Web:
www.noandt.com

Japan: Antitrust and competition

Antitrust and competition – Independent local firms
Antitrust and competition – Independent local firms - ranked: tier 1

Nagashima Ohno & Tsunematsu

Eriko Watanabe spearheads the antitrust and competition team at Nagashima Ohno & Tsunematsu which has been strengthened by the promotion to partner of Ryohei Tanaka and the arrival of former JFTC commissioner Hideo Makuta as an advisor. In recent highlights, Kaoru Hattori and Yusuke Kaeriyama teamed up to advise NYK on the merger of its container liner shipping business with Mitsui OSK Lines and Kawasaki Kisen Kaisha to establish a new joint venture. Elsewhere, Yoshitoshi Imoto acted for several international clients, such as SK Holdings, in obtaining merger clearance from the JFTC on high-value M&A transactions. On the contentious side, the group successfully persuaded the trade commission not to impose a cease and desist order against its client – a US-based conglomerate – following a cartel investigation launched in 2016. Litigation partner Koki Yanagisawa is representing a major software company in proceedings filed by one of its customers seeking compensation for damages caused by alleged deceptive customer inducement during the transaction process.

Leading individuals

Kaoru Hattori (Bengoshi) - Nagashima Ohno & Tsunematsu

Yoshitoshi Imoto (Bengoshi) - Nagashima Ohno & Tsunematsu

Next generation lawyers

Ryohei Tanaka (Bengoshi) - Nagashima Ohno & Tsunematsu

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Japan: Banking and finance

Banking and finance – Independent local firms
Banking and finance – Independent local firms - ranked: tier 1

Nagashima Ohno & Tsunematsu

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 Horaguchi, Hiroshi Fujiwara and Hideaki Suda were promoted to partner.

Leading individuals

Fumihide Sugimoto (Bengoshi) - Nagashima Ohno & Tsunematsu

Jiro Mikami (Bengoshi) - Nagashima Ohno & Tsunematsu

Mami Ikebukuro (Bengoshi) - Nagashima Ohno & Tsunematsu

Next generation lawyers

Shinichiro Horaguchi (Bengoshi) - Nagashima Ohno & Tsunematsu

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Japan: Capital markets

Capital markets – Independent local firms
Capital markets – Independent local firms - ranked: tier 1

Nagashima Ohno & Tsunematsu

Noted for its 'very quick response times, broad business acumen and strength in depth', Nagashima Ohno & Tsunematsu's capital markets team advise on global offerings by Japanese issuers of equity and debt securities, global and domestic IPOs and J-REIT transactions. The 'vast experience and deep knowledge' of Motohiro Yanagawa make him a standout lawyer, according to clients; he recently acted for Mizuho Securities in its arrangement of an ABS transaction issued in the US market backed by a pool of auto loan receivables originated by Japanese corporation Orient. Further highlights include Miyuki Ishiguro's advice to Toshiba on the issuance of new shares by way of third-party allotment to international investors, Shinichi Araki's work on the Katitas global IPO by Advantage Partners, and Masaki Konishi's oversight of the issuance of so-called 'panda bonds' by Mizuho Bank. The practice is led by Fumihide Sugimoto and was recently strengthened by the promotion to partner of Sosuke Kimura and Motoki Saito .

Leading individuals

Fumihide Sugimoto (Bengoshi) - Nagashima Ohno & Tsunematsu

Miyuki Ishiguro (Bengoshi) - Nagashima Ohno & Tsunematsu

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Japan: Corporate and M&A

Corporate and M&A – Independent local firms
Corporate and M&A – Independent local firms - ranked: tier 1

Nagashima Ohno & Tsunematsu

Nagashima Ohno & Tsunematsu's practice and spans both inbound and outbound M&A transactions, corporate governance and joint ventures across a vast array of industry sectors. Danone recently appointed a group led by Akemi Suzuki and the firm's capital markets team to handle the sale of its shares in Yakult Honsha, reducing its shareholding from 21.29% to approximately 7%. Meanwhile, Yuko Tamai acted for Panasonic in its acquisition of shares in PanaHome thereby making it a wholly-owned subsidiary. In further highlights, Shuichi Nishimura was part of the multi-disciplinary team representing Bain Capital in its acquisition of Toshiba Memory through KK Pangea, an SPV set up with its affiliates; Hiroshi Tago collaborated with the antitrust team to oversee the merger of Ocean Network Express, Mitsui OSK Lines and client NYK; and M&A specialist Soichiro Fujiwara assisted Shire with Takeda Pharmaceutical's acquisition of its entire ordinary share capital. Strengthening the team, Keiji Tonomura was recently promoted to partner.

Leading individuals

Shuichi Nishimura (Bengoshi) - Nagashima Ohno & Tsunematsu

Yuko Tamai (Bengoshi) - Nagashima Ohno & Tsunematsu

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Japan: Dispute resolution

Dispute resolution – Independent local firms
Dispute resolution – Independent local firms - ranked: tier 1

Nagashima Ohno & Tsunematsu

Nagashima Ohno & Tsunematsu represents both domestic clients in international arbitration and mediation proceedings as well as international entities before Japanese courts in a vast array of practice areas, including intellectual property, employment, antitrust, product liability and construction. In recent highlights, the directors of TEPCO appointed a team led by Seiichiro Umeno, practice head Norimitsu Arai and Koki Yanagisawa to oversee its defence against a derivative action filed by shareholders alleging the clients failed to properly prepare for the 2011 tsunami and the ensuing damages caused by the Fukushima nuclear plant disaster. Kenji Tosaki acted for the trustees of funds who had purchased shares in Olympus and incurred losses after the discovery that the company had filed false financial reports. Hisaya Kimura is overseeing all litigation arising from autopart failures worldwide on behalf of a major Japanese manufacturer. Hiroyuki Ebisawa and Satoshi Hosokawa were made partner.

Leading individuals

Hisaya Kimura (Bengoshi) - Nagashima Ohno & Tsunematsu

Norimitsu Arai (Bengoshi) - Nagashima Ohno & Tsunematsu

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Japan: Intellectual property

Intellectual property – Independent local firms
Intellectual property – Independent local firms - ranked: tier 2

Nagashima Ohno & Tsunematsu

The practice at Nagashima Ohno & Tsunematsu covers IP litigation and transactional matters and includes three former judges who are actively involved in IP-related work; Masato Tanaka, Kenji Tosaki and Ryoichi Mimura. Mimura successfully represented Ryohin Keikaku in the Tokyo District Court seeking an injunction against Cainz following an alleged violation of the Unfair Competition Prevention Act. The group also counts Nichia and Alcon Research among its key clients.

Leading individuals

Ryoichi Mimura - Nagashima Ohno & Tsunematsu

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Japan: Investment funds

Investment funds – Independent local firms
Investment funds – Independent local firms - ranked: tier 2

Nagashima Ohno & Tsunematsu

Nagashima Ohno & Tsunematsu provides advice concerning the structuring, distribution and sale of fund vehicles including domestic and foreign investment trusts, investment companies, REITs, private equity funds and real estate and infrastructure funds. The firm’s advice covers traditional investments as well as alternative investment schemes. Mami Ikebukuro is a notable name in the field.

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Japan: Labour and employment

Labour and employment – Independent local firms
Labour and employment – Independent local firms - ranked: tier 1

Nagashima Ohno & Tsunematsu

The ‘always creative’ team at Nagashima Ohno & Tsunematsu provides ‘excellent’ advice to foreign and domestic clients across a range of issues including employee contracts and work rules, employment-related regulatory compliance, contracts for executives and executive compensation, and collective bargaining negotiations with labour unions. The group's ability to ‘work with its New York office on Japanese employment law matters is a big advantage’ and the team also leverages the group's experience in commercial litigation and corporate issues. Hisaya Kimura heads up the practice, which includes Norimitsu Arai, who is a specialist in union-related work, litigation and transactional matters.

Leading individuals

Norimitsu Arai (Bengoshi) - Nagashima Ohno & Tsunematsu

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Japan: Projects and energy

Projects and energy – Independent local firms
Projects and energy – Independent local firms - ranked: tier 1

Nagashima Ohno & Tsunematsu

Nagashima Ohno & Tsunematsu entrusts its projects and energy offering to Shunpei Tanaka and Jiro Mikami, and recently bolstered its lineup through the promotion to partner of Hiroshi Fujiwara and financing specialist Shinichiro Horaguchi. In recent highlights, Akemi Suzuki and Rintaro Hirano represented GE Energy Financial Services in forming its first solar energy fund. Terukazu Katsuyama, acting on behalf of several Japanese banks, oversaw the project financing aspects of the construction of a wind power plant in southern Japan and also acted for the Development Bank of Japan in the financing of a biomass plant in Chiba. JERA appointed a team led by Kei Okubo to draft PPAs and EPC contracts related to a number of power plants, and Kiyoshi Honda provides ongoing counsel to an electricity and gas retail business in Japan. Also notable is Takao Higuchi who has considerable experience in PFI and PPP issue and banking mandates.

Leading individuals

Takao Higuchi (Bengoshi) - Nagashima Ohno & Tsunematsu

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Japan: Real estate and construction

Real estate and construction – Independent local firms
Real estate and construction – Independent local firms - ranked: tier 1

Nagashima Ohno & Tsunematsu

The advice at Nagashima Ohno & Tsunematsu covers the full gamut of real estate development, construction, acquisition and disposal matters, as well as management, ownership and leasing mandates. Practice leader Shunpei Tanaka and recently promoted Shinichiro Horaguchi oversaw Mitsui Fudosan's acquisition of the NBF Hibiya and GSK buildings from Nippon Building Fund and the disposition of Roppongi T-CUBE and Celestine Shiba Mitsui to Nippon. On the J-REIT front, clients describe the firm as 'the best of the best'; Hidetaka Mihara advised Mitsui Fudosan on the issuance of new investment units through a public offering and on the acquisition of three assets. Also notable are Mami Ikebukuro, who on behalf of Sumitomo and Sumisho Realty Management established a real estate investment fund for transactions in the US, and Rintaro Hirano, who assisted Astro Japan Property Group with the sale of its entire portfolio to Blackstone and its de-listing from the ASX.

Leading individuals

Mami Ikebukuro (Bengoshi) - Nagashima Ohno & Tsunematsu

Next generation lawyers

Shinichiro Horaguchi (Bengoshi) - Nagashima Ohno & Tsunematsu

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Japan: Restructuring and insolvency

Restructuring and insolvency – Independent local firms
Restructuring and insolvency – Independent local firms - ranked: tier 1

Nagashima Ohno & Tsunematsu

With extensive expertise handling a wide variety of financial transactions, Nagashima Ohno & Tsunematsu specialises in complex cross-border restructuring matters. The firm also has notable experience in emerging digital markets, particularly the restructuring of cryptocurrency exchanges. Practice head Nobuaki Kobayashi regularly handles high-profile insolvency and restructuring mandates, including large-scale corporate reorganisations; he is assisting with the global restructuring of Takata including the sale of its global assets and operations to Key Safety Systems.

Leading individuals

Nobuaki Kobayashi - Nagashima Ohno & Tsunematsu

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Japan: Risk management and investigations

Risk management and investigations – Independent local firms
Risk management and investigations – Independent local firms - ranked: tier 1

Nagashima Ohno & Tsunematsu

With particular strength handling regulatory and compliance matters with a cross-border element, Nagashima Ohno & Tsunematsu utilises its global capabilities to advise on issues in multiple jurisdictions. The team has substantial expertise that includes former prosecutors, accountants, government officials, PR specialists, and experts from various disciplines. The addition of advisors Toshihiko Itami (former head of the Osaka High Public Prosecutors Office) and Hideo Makuta (former Commissioner of the Japan Fair Trade Commission) further strengthened the group. Practice head Hideaki Kobayashi acts on high-profile corporate crisis mandates, with particular expertise in white-collar defence, third-party investigations, and media strategy; he is advising on a client's global strategy for handling the legal and regulatory issues arising from its falsification of data and inspection results which saw products below public standards shipped to customers. Akihisa Shiozaki is also acting for Takata on the company’s global strategy for handling the legal and regulatory issues arising from the high-profile product defect claims relating to its airbags.

Leading individuals

Akihisa Shiozaki - Nagashima Ohno & Tsunematsu

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Japan: TMT

TMT – Independent local firms
TMT – Independent local firms - ranked: tier 2

Nagashima Ohno & Tsunematsu

The ‘responsive and client-friendly’ team at Nagashima Ohno & Tsunematsu counts traditional media businesses on its client roster including companies involved in system and software development, gaming and telecoms, as well as those involved in emerging and innovative technologies including AI, IoT, fintech, and cybersecurity. The team specialises in the development and management of content and content-related rights including copyrights and publicity rights. Heading the practice are Ryoichi Mimura and IT and M&A expert Soichiro Fujiwara; the latter recently assisted Toyota and JapanTaxi with an agreement for the joint development of app services for taxi operators.

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Japan: Tax

Tax – Independent local firms
Tax – Independent local firms - ranked: tier 1

Nagashima Ohno & Tsunematsu

The ‘highly rated’ Nagashima Ohno & Tsunematsu ‘always responds swiftly, and has notable experience and expertise in all tax issues, giving pertinent and practical advice.’ The group has four partners dedicated to tax matters and also fields special counsel Mamoru Toba, former Director General of the Tokyo Regional Taxation Bureau, and the highly regarded Hiroshi Kaneko. Tax specialist Atsushi Fujieda leads the team, which also includes Yushi Hegawa, who is ‘excellent in both the domestic and international tax fields’ and is ‘a good coordinator to assist with solving foreign tax problems’. Hegawa was recently involved in a tax dispute, which successfully cancelled the provision of a corporate tax cabinet order for a Japanese holding company, which owns several Hawaiian premier hotels.

Leading individuals

Atsushi Fujieda (Bengoshi) - Nagashima Ohno & Tsunematsu

Yushi Hegawa (Bengoshi) - Nagashima Ohno & Tsunematsu

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Legal Developments in Japan

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
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