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TMI Associates

23RD FLOOR, ROPPONGI HILLS, MORI TOWER, 6-10-1 ROPPONGI, MINATO-KU, TOKYO 106-6123, JAPAN
Tel:
Work +81 3 6438 5511
Fax:
Fax +81 3 6438 5522
Web:
www.tmi.gr.jp
Shanghai, Tokyo

Japan: Antitrust and competition

Antitrust and competition ‚Äď Independent local firms
Antitrust and competition ‚Äď Independent local firms - ranked: tier 2

TMI Associates

The antitrust and competition offering at TMI Associates is jointly led by Masafumi Oshino and Yusuke Kashiwagi and has been bolstered by the promotion to partner of Yohsuke Higuchi and Daigo Fujii, as well as the arrival of Harumichi Uchida from Mori Hamada & Matsumoto. An enviable client roster, including major corporates, appointed the department to oversee the merger clearance aspects of high-profile M&A transactions and represent them in cartel investigations launched by the JFTC and foreign regulatory bodies. The group also acts for individual senior executives and administrative officers in such investigations. Other key names include Tetsuro Toriumi, Hidehiro Utsumi and Koichiro Hanamoto.

Next generation lawyers

Yohsuke Higuchi (Bengoshi) - TMI Associates

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Japan: Banking and finance

Banking and finance ‚Äď Independent local firms
Banking and finance ‚Äď Independent local firms - ranked: tier 2

TMI Associates

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.

Leading individuals

Yoshikazu Noma (Bengoshi) - TMI Associates

Next generation lawyers

Mizuki Koshimoto (Bengoshi) - TMI Associates

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Japan: Capital markets

Capital markets ‚Äď Independent local firms
Capital markets ‚Äď Independent local firms - ranked: tier 2

TMI Associates

Led by¬†Yoshiyasu Yamaguchi, the finance division at TMI Associates¬†has been strengthened after¬†Junji Shiraki,¬†Mizuki Koshimoto¬†and¬†Takatsugu Kitajima¬†were all promoted to¬†partner. Hiroyoshi Kuromaru¬†recently¬†acted for SMBC and Mizuho in their issuance and public offering of 'samurai' bonds. Prospect appointed a team led by Hitoshi Sumiya ‚Äď who joined from Baker McKenzie (Gaikokuho Joint Enterprise)¬†in 2017 ‚Äď to assist with the all-share offer for a closed-ended investment company incorporated in Guernsey, the shares of which are listed on the LSE. Also notable are¬†Masaya Hirano, who advised on the issuance of moving strike warrants by way of a third-party allotment to SMBC Nikko to finance product development costs, and¬†Hidenori Nakagawa, who counselled Monex Finance on its¬†issuance of a guaranteed Euro medium-term programme.

Leading individuals

Hiroyoshi Kuromaru (Bengoshi) - TMI Associates

Yoshiyasu Yamaguchi (Bengoshi) - TMI Associates

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Japan: Corporate and M&A

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

TMI Associates

TMI Associates' corporate practice is especially strong in the IT, technology and pharmaceutical space where Takushi Saito led the advice to Chinese private equity fund GSR Capital on its acquisition of Nissan's lithium-ion battery business and NEC Energy Devices. Masanao Ojiro, Tatsuya Taniguchi and recently promoted partner Shuya Ogawa oversaw Alpine Electronics share exchange agreement with Alps Electric through which the latter will become the parent company of the former. Hidehiro Utsumi assisted DENSO with its capital alliance agreement with Toshiba under which it will acquire 20% of Toshiba Information Systems. Other highlights include a majority shareholder dispute resolved by Mitsue Aizawa , the carve out of a mobile phone business from a leading technology company by a Japanese private equity fund handled by Takashi Toichi , and Takahiko Takayama's work for Sumitomo Life Insurance on its acquisition of a minority stake in Cardif Assurance Vie Japan from BNP Paribas. Kensei Ikeda and Keisuke Kondo were recently promoted to partner and Harumichi Uchida arrived from Mori Hamada & Matsumoto.

Leading individuals

Masakazu Iwakura (Bengoshi) - TMI Associates

Takashi Toichi (Bengoshi) - TMI Associates

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Japan: Dispute resolution

Dispute resolution ‚Äď Independent local firms
Dispute resolution ‚Äď Independent local firms - ranked: tier 2

TMI Associates

The dispute resolution offering at TMI Associates is led by senior partner Ryosuke Ito. Naomichi Chiba recently advised Yahoo! on lawsuits seeking injunctions against the display of search results on the grounds that they violate privacy, reputation rights and the right to be forgotten. Also notable are Hiroshi Nemoto who is handling a claim for compensatory damages on behalf of a Japanese autoparts company against its supplier arising from malfunction of one of its products, incurring the plaintiff considerable losses. Masanobu Hara is acting in a global intellectual property dispute and for a Japanese trust bank pursued by a pension fund seeking compensation for a breach of its duties. Other key names include Keichiro Tashiro, Mitsue Aizawa and Hidetoshi Masunaga.

Leading individuals

Mitsue Aizawa (Bengoshi) - TMI Associates

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Japan: Intellectual property

Intellectual property ‚Äď Independent local firms
Intellectual property ‚Äď Independent local firms - ranked: tier 1

TMI Associates

TMI Associates¬†is active in IP procurement, maintenance and execution of rights issues including patent, utility model, design and trade mark rights. Headed by Katsuro Tanaka, Tomohiro Tohyama¬†and Yoshiyuki Inaba, the team also includes¬†Makoto Okada, who has ‚Äėa good understanding of specialised technical fields‚Äô, and¬†Mitsuko Miyagawa. A recent highlight for the team¬†includes successfully defending CremoVision against IIX¬†in a¬†JPY200m¬†damages¬†claim relating to the alleged¬†patent infringement of an¬†image correction system essential for the manufacture of LCD panels; in November 2017 the Supreme Court dismissed IIX‚Äôs final appeal.

Leading individuals

Mitsuko Miyagawa - TMI Associates

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Japan: Investment funds

Investment funds ‚Äď Independent local firms
Investment funds ‚Äď Independent local firms - ranked: tier 2

TMI Associates

Through its international network, TMI Associates acts for hedge funds and other fund managers on investment matters relating to private equity funds and the financing of construction and redevelopment projects. Yoshiyasu Yamaguchi leads an experienced team, which includes Kiyomi Kikuchi, whose practice encompasses a wide variety of finance transactions including banking and project finance issues, fund and investment management work, capital markets and derivatives mandates. Clients include banks, investment managers, pension funds, securities companies, and derivatives businesses; the group also acts as Japanese legal counsel to Japan Overseas Infrastructure Investment Corporation for Transport & Urban Development (JOIN), the first and only government-private sponsored fund in Japan, which specialises in investment in overseas infrastructure.

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Japan: Labour and employment

Labour and employment ‚Äď Independent local firms
Labour and employment ‚Äď Independent local firms - ranked: tier 1

TMI Associates

The cross-border team at TMI Associates¬†can ‚Äėkeep time and quickly respond'¬†to clients‚Äô needs across the entire spectrum of employment-related matters including employee contracts and work rules, issues relating to problem employees,¬†reorganisations and investigations into harassment and other misconduct. ‚ÄėThe service level is very high‚Äô thanks to a team of nine partners including¬†Seiji Kurihara¬†and team¬†co-heads¬†Motoi Fujii¬†and Mie Fujimoto;associate Rie Taiko¬†is also a name to note. Fujii has a wealth of experience in collective bargaining negotiations and defending clients in unfair labour practices claims, while Fujimoto is a cross-border specialist who frequently¬†advises foreign clients.

Leading individuals

Mie Fujimoto (Bengoshi) - TMI Associates

Next generation lawyers

Rie Taiko (Bengoshi) - TMI Associates

Seiji Kurihara (Bengoshi) - TMI Associates

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Japan: Projects and energy

Projects and energy ‚Äď Independent local firms
Projects and energy ‚Äď Independent local firms - ranked: tier 2

TMI Associates

The projects and energy team at¬†TMI Associates¬†operates as part of its finance division under the leadership of¬†Yoshiyasu Yamaguchi. The team ‚Äď represented by¬†Kiyomi Kikuchi ‚Äď is acting as Japanese counsel to JOIN, the partner investor of the concession company created to operate the Palau international airport PPP project. Meanwhile,¬†Yoshikazu Noma¬†is overseeing the development of a mega solar power plant in Hiroshima.¬†Takenobu Imaeda¬†is a key name to note in the renewable power space where he intervened in several large-scale solar projects on behalf of high-profile banks, while¬†Yoshiyasu Yamaguchi¬†and¬†Mizuki Koshimoto¬†advised the project company on the project documentation required for a biomass power generation plant in Japan.

Leading individuals

Yoshiyasu Yamaguchi (Bengoshi) - TMI Associates

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Japan: Real estate and construction

Real estate and construction ‚Äď Independent local firms
Real estate and construction ‚Äď Independent local firms - ranked: tier 3

TMI Associates

TMI Associates' team acts in large-scale transactions across a broad range of domestic and international real property/real estate, securitisation, project/construction and other structured financing matters. Clients include transaction arrangers, sponsors (including general construction companies), originators, trustees and lenders. The names to note are Haruo Narimoto and construction counsel Yu Tomita.

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Japan: Restructuring and insolvency

Restructuring and insolvency ‚Äď Independent local firms
Restructuring and insolvency ‚Äď Independent local firms - ranked: tier 2

TMI Associates

TMI Associates¬†maintains ‚Äėa good balance between the ideal and reality‚Äô with a strong and experienced team led by Mitsue Aizawa, who has acted on some of the country‚Äôs largest insolvencies. In recent highlights, the firm represented Revsonic¬†in a¬†bankruptcy filing and the¬†related business transfer of an engineer dispatching company, and acted for Shin-Ei in civil rehabilitation proceedings and its subsequent application of bankruptcy procedures.

Leading individuals

Mitsue Aizawa - TMI Associates

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Japan: Shipping

Shipping ‚Äď Independent local firms
Shipping ‚Äď Independent local firms - ranked: tier 2

TMI Associates

TMI Associates' shipping team is led by Jumpei Osada, a banking & finance expert who focuses on high-value ship finance matters. The department assists with domestic and cross-border mandates, finance lease and Japanese Operating Lease with Call Option (JOLCO) matters.

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Japan: TMT

TMT ‚Äď Independent local firms
TMT ‚Äď Independent local firms - ranked: tier 1

TMI Associates

TMI Associates¬†provides ‚Äėquick and knowledgeable‚Äô advice on new IT issues including software transaction contracts, website creation,¬†domain name protection,¬†matters relating to the production and distribution of online video, music and gaming content¬†and¬†related¬†IP rights, and¬†internet service providers' legal liability issues.¬†Utilising its international network,¬†the¬†practice also provides research services relating to information protection and¬†regulations in various countries worldwide. Tomoo Shibano¬†and¬†Masaya Hirano¬†jointly lead the team, which also includes¬†experienced associates¬†Takashi Hatae¬†and¬†Takuya Yamago; Hirano¬†recently assisted Cofense¬†with the¬†establishment of its cybersecurity services in Japan.

Next generation lawyers

Takashi Hatae - TMI Associates

Takuya Yamago - TMI Associates

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Japan: Tax

Tax ‚Äď Independent local firms
Tax ‚Äď Independent local firms - ranked: tier 2

TMI Associates

TMI Associates¬†provides ‚Äėquick and accurate advice on highly technical matters‚Äô and has particular expertise in fund-related¬†work and cross-border advice. Practice head Hidehiro Utsumi¬†has tax and corporate knowledge¬†and expertise in providing fund-related advice to a wide variety of asset management companies; he recently advised Daito Trust Construction on the tax and legal aspects of its high-profile corporate split.¬†Nobuaki Iwashina¬†is also recommended and¬†has extensive experience in corporate income tax and international tax mandates.

Leading individuals

Hidehiro Utsumi (Bengoshi) - TMI Associates

Nobuaki Iwashina (Bengoshi) - TMI Associates

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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
  • Taking control of a Japanese publicly listed company:

    Introductory notes for successfully completing an M&A
  • Yuasa and Hara Business Law News

    Contents of the Issue Law on liability for breach of contract Review on the amendment to the cabinet office order on Corporate Disclosure
  • NEW WHITE COLLAR CRIME BILL

    The Minister for Justice, Alan Shatter (‚Äúthe Minister‚ÄĚ), has published the Criminal Justice Bill 2011 (‚Äúthe Bill‚ÄĚ). The main purpose of the Bill is stated to be ‚Äú‚Ķto amend the criminal law to improve certain procedural matters and strengthen Garda investigative powers. The intention is that such improvements will assist in reducing the delays associated with the investigation and prosecution of complex crime, in particular white collar crime.‚ÄĚ
  • Japan: New legislative framework for Sukuk

    The new framework passed in May 2011 will provide a solid legal platform for issuing Sukuk Ijarah under Japanese law. NAOKI ISHIKAWA highlights key legal structures and tax treatment in respect of the anticipated Sukuk issuances in Japan.
  • Yakult Bottle Acquired Distinctiveness

    Do you know about Yakult's delicious lactic acid drink which is contained in a small bottle? Yakult's lactic acid drink (hereafter referred to as "Yakult drink") is the most famous lactic acid drink in Japan and today is also being sold in many countries around the world. When you are enjoying Yakult drink, please keep in mind the case mentioned below.
  • Tax: Japan: International Joint Ventures

    Tax on international joint ventures. Country Q&A (Japan).
  • Japan: Recent Developments in Practice and Law

    The successful closing of two Islamic fi nance transactions which was announced in July 2010 by Nomura Holdings have paved a concrete path for Japanese corporations to consider overseas Islamic fi nance markets for their fund raising activities. The fi rst transaction was in Asia for the issuance of Sukuk Ijarah and the second was in the Middle East for the establishment of a Commodity Murabahah facility (Nomura Deals).
  • Renewable energy takes off in Japan

    Like many other countries, Japan has decided to reform its renewable energy (RE) policy, to dramatically increase the use of renewable energy. The core policy mechanism is a feed-in tariff (FIT). This chapter summarises the contemplated Japanese FIT and its practical impact on existing and future investment in this sector, providing an overview of:
  • Licensing - 2010

    Q & A on Licensing in Japan 
  • Law on the Civil Jurisdiction of Japanese Courts over Foreign Countries, etc.

    The Law has been enacted to clarify the scope of application of the civil jurisdiction of Japanese courts over foreign countries, etc., and set exceptions to civil preocedings involving foreign countries, etc., based on the United Nations Convention on the Jurisdictional Immunities of States and their property (UN Convention on Immunities) (see Article 1).