Latham & Watkins Gaikokuho Joint Enterprise > Tokyo, Japan > Firm Profile

Latham & Watkins Gaikokuho Joint Enterprise
MARUNOUCHI BUILDING, 32ND FLOOR
2-4-1 MARUNOUCHI, CHIYODA-KU
TOKYO 100-6332
Japan

Japan > Projects and energy: International firms and joint ventures Tier 1

Latham & Watkins Gaikokuho Joint Enterprise’s project finance practice in Tokyo regularly acts as lead counsel to a wide range of clients, including lenders, borrowers, developers, and governmental entities, on projects across the APAC region. Recent highlights for the group include advising ECAs and lenders on the development and financing of a large-scale LNG project in Papua New Guinea. Practice head Stephen McWilliams has a strong track record handling major lender and sponsor-side mandates in the LNG, petrochemicals, infrastructure, and renewables sectors. Hiroki Kobayashi’s practice sees him advise Japanese sponsors and lenders on project development and finance matters in the oil and gas and power spaces. Richard Chul Kim has notable experience assisting sponsors, lenders, and government agencies with energy projects, while Richard Fleming handles power project transactions throughout Asia.

Practice head(s):

Stephen McWilliams

Key clients

Japan Bank for International Cooperation (JBIC)

Nippon Export and Investment Insurance (NEXI)

INPEX Corporation

JERA Co., Inc.

Marubeni Corporation

Tokyo Gas

Mitsubishi Materials Corporation

Mizuho Bank

San Miguel Corporation

Asian Development Bank (ADB)

Osaka Gas

Sumitomo Corporation

Work highlights

  • Advising the Export Credit Agencies and lenders on the project development and financing of the proposed Papua LNG Project in Papua New Guinea.
  • Acting as lead counsel to the export credit agencies and other finance parties on the proposed expansion project in respect of the Muara Laboh geothermal power plant.
  • Advising a consortium of Japanese buyers, including Osaka Gas Co., Ltd. and Sumitomo Corporation, in connection with their $370m strategic investment in AG&P LNG Marketing Pte. Ltd., I Squared Capital’s platform for investing in companies that develop city gas distribution networks in India.

Japan > TMT: International firms and joint ventures Tier 1

Latham & Watkins Gaikokuho Joint Enterprise’s data and technology transactions group handles a wide range of complex deals in the TMT space, acting for e-commerce, fintech, start-up, and MedTech clients, among others. Hiroaki Takagi regularly advises Japanese and international companies and private equity firms on tech-related M&A with a Japan nexus. Yohei Nakagawa assists tech clients in connection with outbound and inbound M&A, strategic investments, and international joint ventures. Benjamin Han advises tech and telecoms clients on a variety of IP and commercial matters. Former practice head Stuart Beraha retired from practice in December 2023.

Practice head(s):

Hiroaki Takagi

Other key lawyers:

Key clients

Kioxia Corporation

Otsuka Pharmaceutical Co., Ltd.

Otsuka Medical Devices

Work highlights

  • Advising Kioxia regarding its joint venture agreements with Western Digital Corporation for production of NAND flash memory products, the latest generation of which is Kioxia’s cutting-edge 3D BiCS flash memory.
  • Advising Harps Global, a Southeast Asian medical glove producer, on the strategic acquisition of Sempermed, a medical gloves business held by Austria-based Semperit AG.

Japan > Corporate and M&A: International firms and joint ventures Tier 3

Latham & Watkins Gaikokuho Joint Enterprise has a longstanding presence in the Japanese M&A market, with leading clients in the automotive, tech, semiconductor, life sciences, and financial services sectors. Ji Liu leads the firm’s regional corporate group from Hong Kong. Hiroki Kobayashi has a wealth of experience in advising major Japanese and international companies on a wide range of corporate transactions with a Japan nexus. Hiroaki Takagi’s client base includes leading companies and private equity firms, both domestic and global, while Yohei Nakagawa is noted for his experience in the tech, life sciences, and media sectors. Ivan Smallwood has retired from practice.

Practice head(s):

Ji Liu

Key clients

Nissan Motor

MIND ID

TotalEnergies SE

ESR Group Limited

Nvidia Corporation

Hayashi International Promotions

Carlyle

SB Investment Advisers (UK) Limited

Nippon Life

Work highlights

Singapore > Projects: foreign firms

Latham & Watkins LLP’s project development and finance team regularly advises lenders, borrowers, developers, and state-related entities on projects throughout the APAC region. The firm is known for its expertise in structuring and executing project financings across the energy, infrastructure, mining, transport, and communications sectors. Stephen McWilliams, who is based between Singapore and Tokyo, focuses his practice in the LNG, petrochemicals, infrastructure, and renewables sectors. Don Stokes has over a decade of experience advising on renewable and conventional power, infrastructure and telecoms, and gas development and transportation projects. Owain Davies specialises in the LNG, power, and petrochemicals sectors.

Practice head(s):

Stephen McWilliams

Other key lawyers:

Key clients

Asian Development Bank

Asian Infrastructure Investment Bank

ChemOne Holdings / Pengerang Energy Complex Sdn Bhd

The Export-Import Bank of Korea

Hancock Prospecting Pty Ltd

Japan Bank for International Cooperation

Korea Trade Insurance Corporation

Marubeni Corporation

Mitsubishi Materials Corporation

San Miguel Corporation

Navitas Petroleum Partners

Delfin Midstream

ACEN Corporation

PT Mineral Industri Indonesia (Persero) (MIND ID)

Work highlights

  • Advising the export credit agencies and lenders on the project development and financing of the proposed Papua LNG Project in Papua New Guinea.
  • Acting as lead counsel to the export credit agencies and other finance parties on the proposed expansion project in respect of the Muara Laboh geothermal power plant. This project is a priority energy transition project under the Asia Zero Emission Community (AZEC) framework, and is also the first new energy project financing in Indonesia in many years.
  • Advised Pentagreen Capital, a sustainable infrastructure debt financing partnership established by shareholders HSBC and Temasek, on its landmark financing with Citicore Solar Energy Corporation, the solar development vehicle of Citicore Renewable Energy Corporation, a Philippines-based integrated renewable energy platform, to accelerate the development of new solar power projects in the Philippines.

Singapore > TMT: foreign firms

Latham & Watkins LLP has demonstrated its strong expertise in cross-border M&A and private equity transactions, along with start-up and venture capital matters. The firm’s standing brings it engagements from multiple jurisdictions in Southeast Asia, including top local, regional and global clients. It has also developed its reputation in privacy and cybersecurity, along with commercial contracts and outsourcing, and regulatory and licensing expertise. James Clayton-Payne is a leading transactional lawyer with a background in TMT deals. Counsel Esther Franks leads the office’s cyber and privacy practice and data and technology transactions team.

Other key lawyers:

James Clayton-Payne; Esther Franks

Key clients

BDx Data Centers

Evolution Data Centres

GoTo Group

OMS Group

KKR Asia

PhilTower Consortium

Work highlights

  • Advised PhilTower Consortium and its founder Devid Gubiani on the merger of the Macquarie and Stonepeak towers in the Philippines.
  • Advised the GoTo Group on its Series B round for its online streaming entertainment service.
  • Advised Evolution Data Centres (EDC) on a number of joint ventures in the region.

South Korea > Projects and energy: foreign firms

Latham & Watkins LLP advises lenders, borrowers, project companies, governments, and state entities on complex, high-profile projects across the Asia-Pacific. With the team spread across  Seoul, Tokyo, and Singapore, it excels in multi-sourced project financings across energy, infrastructure, mining, transport, and telecoms. Led by Stephen McWilliams, who brings significant experience in LNG, petrochemicals, and renewables deals involving Korean parties, the team also benefits from Richard Chul Kim’s Tokyo-based expertise in multi-jurisdictional financings with Korean sponsors, lenders, and government agencies.

Practice head(s):

Stephen McWilliams

Other key lawyers:

Richard Chul Kim; Yejin Kim

Key clients

Export-Import Bank of Korea (KEXIM)

Korea Trade Insurance Corporation (K-SURE)

Delfin Midstream

Korea National Oil Corporation

Korea Midland Power Co.

Daelim Energy

Korea Southern Power Co. Ltd.

Work highlights

  • Advising KEXIM, K-SURE, Export Finance Australia, and a group of additional lenders in connection with the development and financing for the Caldita-Barossa offshore gas field development project off the coast of Australia.
  • Advising the Export Credit Agencies and lenders on the project development and financing of the proposed Papua LNG Project in Papua New Guinea.
  • Advising Delfin Midstream, as project developer, on the development and construction of a proposed 13.3 MTPA floating LNG export terminal, approximately 40 nautical miles off the US Gulf Coast, using multiple FLNG vessels.

The firm: Latham & Watkins is a leading international law firm serving multinational companies, start-ups, investment banks, private equity funds, venture capital firms, sovereign wealth funds, governments and other organisations. The firm’s globally integrated platform spans Asia, Europe, the Middle East and the US, and consists of internationally recognised practices across a wide spectrum of transactional, litigation, corporate and regulatory areas. Latham attorneys offer unrivalled legal resources and strategic commercial thinking to provide clients with innovative solutions to complex commercial matters.

Asia practice: Businesses and investors seeking innovative solutions to their most complex corporate, financial, regulatory and litigation challenges turn to Latham in Asia for strategic thinking and experienced counsel. Latham has extensive experience advising on the international aspects of a broad range of corporate and finance transactions for clients across the region, notably Australia, China, Hong Kong, India, Indonesia, Japan, Laos, Malaysia, Pakistan, the Philippines, Singapore, South Korea, Taiwan, Thailand and Vietnam. With more than 150 lawyers operating from six offices in Asia, Latham provides clients in the region and clients looking to do business in Asia with expert advice under US, English, Hong Kong, Japanese and Singapore law. Latham’s deep roots in the financial and economic markets in the region are further strengthened by the firm’s local language capabilities.

Latham continues to receive awards and acclaim from a number of leading financial and legal publications for landmark and precedent-setting deals.

Areas of practice: The firm’s Asia practice has received considerable market recognition for its involvement in many of the most important single-country and in-region, inbound and outbound cross-border transactions. The team has extensive expertise across numerous practices, including: project development and finance (particularly in the areas of infrastructure, energy and natural resources); banking and acquisition finance; M&A; private equity; restructurings; privatisations; debt and equity capital markets; general company representation; foreign direct investment; commercial litigation and arbitration (with a particular focus on contentious insolvencies, securities and shareholder disputes); white-collar and government investigations; antitrust and competition; and technology, media and commercial transactions.

With a presence in Japan for more than 20 years, Latham & Watkins has developed a strong, fully integrated team of Bengoshi and registered foreign lawyers (with dual-language capabilities) with a thorough understanding of the nature of the business practices and objectives affecting clients in Japan and international clients with Japanese interests. The combination of experience and expertise working on deals and matters of all sizes in a wide range of industry sectors, has enabled the practice to provide effective and strategic legal advice in the areas of project development and finance; M&A; joint ventures and strategic alliances; employment; capital markets; banking; structured finance; intellectual property; antitrust and competition; international dispute resolution; arbitration; telecommunications; emerging companies; and public company representation. Attorneys in the Tokyo office have been involved in a number of transactions and cases that are the largest or first of their kind, and are consistently recognised as leading lawyers in numerous practice areas.

Department Name Email Telephone
Arbitration
Antitrust and competition
Banking, leveraged and structured finance
Capital markets
Financial regulatory
Foreign direct investment
Outsourcing
Technology transactions
M&A
Private equity
Project development and finance
Public company representation
Restructuring, insolvency and workouts
Tax
Photo Name Position Profile
Sidharth Bhasin photo Sidharth Bhasin Sidharth Bhasin advises on private equity investments and exits, public and private…
Andrew Bishop photo Andrew Bishop Andrew Bishop, as Local Chair of the firm’s Finance Department in Asia,…
Richard Chul Kim photo Richard Chul Kim Richard Chul Kim is counsel in the Finance Department of Latham &…
James Clayton-Payne photo James Clayton-Payne James Clayton-Payne, a mergers and acquisitions lawyer, advises on complex cross-border M&A…
Simon Cooke photo Simon Cooke Simon Cooke, a leading private equity lawyer in Asia, specializes in public…
Owain Davies photo Owain Davies Owain Davies advises on the development and financing of energy and infrastructure…
Louise Deng photo Louise Deng Louise Deng advises private equity and corporate clients in Asia and globally…
Lynsey Edgar photo Lynsey Edgar Lynsey Edgar advises top-tier sponsors on complex, cross-border financing transactions, particularly investments…
Tingfei Fan photo Tingfei Fan Tingfei Fan is a counsel in the Hong Kong office of Latham &…
Richard  Fleming  photo Richard Fleming Richard Fleming is counsel in the Finance Department of Latham & Watkins…
Esther  Franks  photo Esther Franks Esther Franks leads the Data and Technology Transactions Practice in the firm’s…
Rajiv Gupta photo Rajiv Gupta Rajiv Gupta heads Latham’s India Practice and advises Indian companies and global…
Benjamin Han photo Benjamin Han Benjamin Han is an associate in the Hong Kong office of Latham…
Michael Hardy photo Michael Hardy Michael Hardy is a partner in the Hong Kong office of Latham &…
Simon Hawkins photo Simon Hawkins Simon Hawkins, an experienced and trusted advisor to financial institutions and fintech…
Timothy Hia photo Timothy Hia Timothy Hia advises clients on their most complex financing transactions across Asia,…
Wonsuk (Steve) Kang photo Wonsuk (Steve) Kang Wonsuk Kang, Chair of Latham’s Korea Practice, helps Korean clients successfully navigate…
Hiroki Kobayashi photo Hiroki Kobayashi Hiroki Kobayashi advises high-profile international and Japanese companies on all aspects of…
Sharon Lau photo Sharon Lau Sharon Lau is a partner in the Singapore office and a member…
Marcus Lee photo Marcus Lee Marcus Lee represents clients doing business in Asia in public and private…
Ning Li photo Ning Li Ms. Li focuses on capital markets transactions such as initial public offerings and…
Ji Liu photo Ji Liu Ji Liu, Regional Chair of Latham & Watkins’ Corporate Department in Asia,…
Stephen McWilliams photo Stephen McWilliams Stephen McWilliams advises sponsors and lenders on the most complex and innovative…
Yohei  Nakagawa photo Yohei Nakagawa Yohei Nakagawa advises Japanese and international clients on a wide range of…
Michael Ning photo Michael Ning Michael Ning counsels private equity sponsors, investors, and corporations on a variety…
Diona Park photo Diona Park Diona Park is a counsel in the Seoul office of Latham &…
Michael Rackham photo Michael Rackham Michael Rackham is a partner in the Singapore office of Latham &…
Dominik Sklenar photo Dominik Sklenar Dominik Sklenar advises on capital markets transactions, including initial public offerings and…
Ivan Smallwood photo Ivan Smallwood Ivan Smallwood regularly advises leading Japanese and multinational companies on high-stakes cross-border…
Frank Sun photo Frank Sun Frank Sun, Co-Deputy Managing Partner of Latham & Watkins’ Asia offices, advises…
Hiroaki Takagi photo Hiroaki Takagi Hiroaki Takagi advises Japanese and international companies and private equity firms on…
Edward Tang photo Edward Tang Edward Tang is a member of the Corporate Department and the Private…
Allen Wang photo Allen Wang Allen Wang is a partner in the Hong Kong office of Latham &…
Jeremy  Wang photo Jeremy Wang Jeremy Wang advises issuers and underwriters on securities, debt, and equity offerings,…
Richard Watkins photo Richard Watkins Richard Watkins advises private equity and corporate clients on M&A, joint venture,…
Howe Min Wee photo Howe Min Wee Howe Min Wee advises export credit agencies, multilaterals, commercial lenders, and sponsors…
Wei Wei photo Wei Wei Wei Wei is a counsel in the Beijing office of Latham &…
Carolyn Wong photo Carolyn Wong Carolyn Wong advises Asian and international clients on corporate transactions, with a…
Mandy Wong photo Mandy Wong Mandy Wong advises clients on equity and debt capital markets, with a…
Stacey Wong photo Stacey Wong Stacey Wong advises clients on a broad spectrum of complex equity and…
Eric Yiu photo Eric Yiu Eric Yiu advises investment banks as well as public and private companies…
Number of lawyers : more than 2,400
in Asia : 120+
English
Japanese
Korean