Shearman & Sterling > Tokyo, Japan > Firm Profile
Shearman & Sterling Offices

FUKOKU SEIMEI BUILDING, 5TH FLOOR
2-2-2 UCHISAIWAICHO CHIYODA-KU
TOKYO 100-0011
Japan
Shearman & Sterling > The Legal 500 Rankings
Japan > Corporate and M&A: International firms and joint ventures Tier 1
Shearman & Sterling acts on complex cross-border matters, including outbound investments, foreign direct investments, and both public and private acquisitions and divestitures. The department is active in a broad range of industries, including financial, healthcare and logistics, with particular aptitude in the energy sector. Lead partner Karl Pires has more than 20 years’ experience in the practice area, and covers strategic acquisitions, minority investments and joint ventures. Capital markets specialists Toshiro Mochizuki and Masahisa IkedaPractice head(s):
Karl Pires
Other key lawyers:
Testimonials
‘Its team is always well organized and efficient.’
‘The instructions are very clear and we feel comfortable to work with this team.’
‘Karl Pires is leading the M&A team of Sherman Japan. He is sophisticated and has deep knowledge about M&A deals. He is also fluent in Japanese.’
Key clients
Bunge Limited (NYSE:BG)
Furusato Industries, Ltd.
GC Holdings Co., Ltd.
JERA
Maeda Corporation
MARUKA CORPORATION
Matsumotokiyoshi Holdings Co., Ltd.
Mercuria Investment Co., Ltd.
Mubadala Investment Company
Osaka Gas Co., Ltd. and Osaka USA Corporation (OGUSA)
Qxpress Pte. Ltd.
Secom Co., Ltd.
Taisho Pharmaceutical Holdings Co., Ltd.
The Aomori Bank, Ltd.
The Michinoku Bank, Ltd.
Work highlights
- Advised Osaka Gas and its U.S. subsidiary Osaka Gas USA Corporation, in connection with the agreement with Oriden LLC to jointly develop a portfolio of more than 700 MWdc (600 MWac) of utility-scale solar and storage projects throughout certain U.S. markets.
- Advised Maeda Corporation, a Japan-based construction company, on its adoption of a holding company structure through a share transfer by three companies.
- Advised Japanese regional banks The Aomori Bank, Ltd., and The Michinoku Bank, Ltd. on their adoption of a holding company structure through a share transfer.
Japan > Capital markets: International firms and joint ventures Tier 2
At Shearman & Sterling, the Tokyo-based capital markets team is recognised for its track record in handling SEC registration fillings and business combinations as well as cross-border corporate governance matters, most notably disclosure controls and insider trading policies. Led by Masahisa IkedaPractice head(s):
Masahisa Ikeda
Other key lawyers:
Key clients
Advantest Corporation
GC Holdings Co., Ltd
LINE Corporation
Maeda Corporation
Maruka Corporation
Matsumotokiyoshi Holdings Co., Ltd
Mercuria Investment Co., Ltd
Sawai Pharmaceutical Co., Ltd
Taisho Pharmaceutical Holdings Co., Ltd
The Aomori Bank, Ltd
Work highlights
- Advised Maeda Corporation, a Japan-based construction company, on its adoption of a holding company structure through a share transfer.
- Acted for Matsumotokiyoshi Holdings Co., Ltd on its business combination through a share exchange with Cocokara Fine Inc.
- Assisted Japanese regional banks The Aomori Bank, Ltd and The Michinoku Bank, Ltd with their adoption of a holding company structure through a share transfer.
Japan > Projects and energy: International firms and joint ventures Tier 2
Shearman & Sterling‘s projects and energy group has a deep knowledge of the Japanese local market, where it fosters a close relationship with large domestic banks, companies and sponsors. Led by Etienne Gelencser, the team frequently assists clients with project financing, joint ventures, investments and project bond issuances in the Americas, Asia and EMEA. Gelencser has extensive experience handling projects in the renewables, infrastructure and oil and gas sectors. Karl Pires is noted for his expertise in acquisitions of energy projects, including onshore and offshore wind farms and solar power plants.Practice head(s):
Etienne Gelencsér
Other key lawyers:
Key clients
Canada Pension Plan Investment Board
Development Bank of Japan, Inc
Ichthys LNG Pty., Ltd
Itochu Corporation
JBIC
JERA
Marubeni
Mitsui
Mizuho
MUFG
Nippon Export and Investment Insurance (NEXI)
Osaka Gas
Sumitomo
TEPCO Renewables
Work highlights
- Acted for Osaka Gas and its US subsidiary Osaka Gas USA Corporation on the agreement with Oriden LLC to jointly develop a portfolio of more than 700 MWdc (600 MWac) of utility-scale solar and storage projects throughout certain US markets.
- Assisted Osaka Gas and its US subsidiary Osaka Gas USA Corporation with OGUSA’s joint venture with Mitsubishi Heavy Industries Group through its US subsidiary Mitsubishi Heavy Industries America, Inc to acquire the 15.7 MWdc Brighter Future Solar Farm project in Caldwell County, North Carolina from the project developer Oriden LLC.
- Advised JERA, along with some of its subsidiaries, Tokyo Electric Power Company International and Tokyo Electric Power Company International Paiton on the sale of a stake in PT Paiton Energy to PT Medco Daya Energi Sentosa.
Japan > Investment funds: International firms and joint ventures Tier 2
Shearman & Sterling‘s asset management and fund formation team acts largely for major Japanese funds investing off shore and private fund investments (including private equity funds, hedge, real estate and funds of funds). Team head Etienne Gelencsér offers considerable expertise in advising private equity firms and Japanese financial institutions in the establishment of Japan focused offshore funds together with related portfolio acquisitions. Clients are also offered expertise in regulatory regimes and new fund product design.Practice head(s):
Etienne Gelencsér
Other key lawyers:
Naomi King
Testimonials
‘Etienne Gelencser and his funds team know the investment funds space in Japan very well and have great experience.’
‘Etienne Gelencser is very knowledgeable and great to work with.’
Key clients
DBJ Asset Management Co Ltd
Development Bank of Japan Inc
Government Pension Investment Fund (GPIF)
Japan Bank for International Cooperation (JBIC)
Japan > Antitrust and competition: International firms and joint ventures Tier 3
Shearman & Sterling‘s Tokyo office works in collaboration with the US and Europe teams to assist leading Japanese corporates and financial institutions with complex US and EU antitrust matters, from merger control filings and joint ventures to class actions and cartel investigations. Masahisa IkedaPractice head(s):
Masahisa Ikeda; Toshiro Mochizuki; Kana Morimura
India > Foreign firms
Shearman & Sterling handles a range of high-profile and high-value India-focused transactions, acting for domestic and international clients in inbound and outbound investments. Key areas of focus for the practice include capital markets, M&A, private equity, project finance, international arbitration and fund formation, and it services clients from various offices across its large international network. Hong Kong-based partner Kyungwon (Won) Lee is a key contact for capital markets work, including corporate finance and securities transactions; Singapore’s Andrew Schleider is another name to note for capital markets, drawing on over 20 years of experience advising underwriters and issuers on a range of corporate finance transactions; and Etienne Gelencsér in Tokyo is recommended for projects and energy-related transactions. Sanjeev Dhuna joined from Allen & Overy LLP in July 2021 in London, while Sidharth Bhasin and James Clayton-Payne left the firm in August of the same year.Other key lawyers:
Key clients
Axis Capital Limited
Citigroup Global Markets India Private Limited
Greenko Energy Holdings Limited
Goldman Sachs (India) Securities Private Limited
HDFC Bank Limited
ICICI Securities Limited
J.P. Morgan India Private Limited
Morgan Stanley India Company Private Limited
Work highlights
- Advised Greenko Energy Holdings and Greenko Wind Projects (Mauritius) in connection with the latter’s $750m bond offering.
- Advised the initial purchasers in connection with Reliance Industries’ $4bn bond issue.
- Advised the underwriters in connection with One 97 Communications’ $2.5bn IPO.
Myanmar > Foreign desks
Spread across the firm’s Singapore, Seoul and Tokyo offices, Shearman & Sterling LLP‘s practice has demonstrable experience advising international clients on energy mandates and project developments in Myanmar. In Singapore, Bill McCormackPractice head(s):
Bill McCormack; David Clinch
Other key lawyers:
Etienne Gelencsér; Anna Chung; Jean-Louis Neves Mandelli; Kok Jin Ong
Key clients
International Finance Corporation
Work highlights
- Advised International Finance Corporation and the lenders in connection with the development and financing of the greenfield run-of-river 60 MW Deedoke hydropower project located on the Myitnge River in Myanmar.
Shearman & Sterling > Firm Profile
The firm: Shearman & Sterling’s Tokyo office was established in 1997 and the office has a proven track record in successfully executing many complex, multi-jurisdictional, time-sensitive transactions for clients. The Japan practice consists of some of the country’s leading lawyers, who have been involved in some of Japan’s largest and most high-profile and complex transactions. The lawyers are qualified to practice US or English law, fluent in the Japanese language and have extensive experience with local legal and business practices – enabling the firm to effectively assist foreign clients in navigating the numerous legal, business and cultural complexities of doing business in Japan. It also has extensive experience advising Japanese clients on a diverse range of matters, including making outbound strategic investments, negotiating with foreign government authorities, and managing disclosures and other investor relations issues. The Tokyo office has advised on many of the largest M&A deals involving Japanese entities, including inbound and outbound deals and private equity transactions, and listed major Japanese blue-chip companies on the US and European stock exchanges. The firm has also launched some of the most significant global securities offerings and ground-breaking privatisations issued by corporations and Japanese government organisations; structured numerous offshore and onshore investment funds, including the first corporate restructuring fund in Japan; as well as advised on significant power (including nuclear and renewable), infrastructure and oil and gas projects.
Shearman & Sterling has represented many of the world’s leading corporations, financial institutions, emerging growth companies, state- owned enterprises, governments and governmental organisations for more than 146 years. It is committed to providing legal advice that is insightful and valuable to clients. The firm distinguishes itself by harnessing the intellectual strength and deep experience of its lawyers across its extensive global footprint. It has the capability to mobilise resources throughout its 23 offices worldwide to provide clients with professional legal advice and support. The firm’s lawyers are fluent in more than 60 languages and they practice Hong Kong, US, English, French, German, Italian, EU, OHADA and Saudi law, as well as Dubai International Financial Centre law and Abu Dhabi Global Market law. The firm is organised as a single, integrated partnership with approximately 850 attorneys in 23 offices located throughout Asia, the Americas, Europe and the Middle East. For more information, please visit Shearman & Sterling’s website at www.shearman.com.
Areas of practice: Shearman & Sterling’s main practice areas include: anti-corruption and Foreign Corrupt Practices Act (FCPA), antitrust, appellate litigation, capital markets, compensation, governance and ERISA, corporate governance, criminal law, regulation and enforcement, derivatives and structured products, emerging growth, environmental, European bank recovery and resolution, finance, financial institutions advisory and financial regulatory, financial institutions investigations and enforcement, financial restructuring and insolvency, intellectual property litigation, intellectual property transactions, international arbitration, international trade and investment, investment funds, Islamic finance, leveraged finance, litigation, mergers and acquisitions, privacy and data protection, private client, private equity and hedge funds, privatisation, pro bono, project development and finance, public international law, real estate, state controlled companies/sovereign wealth funds, structured finance, and tax.
Main Contacts
Department | Name | Telephone | |
---|---|---|---|
Antitrust and competition | Masahisa Ikeda | ||
Banking and finance | Etienne Gelencsér | ||
Investment funds | Etienne Gelencsér | ||
Capital markets | Masahisa Ikeda | ||
Capital markets | Toshiro Mochizuki | ||
Projects and energy | Etienne Gelencsér | ||
Projects and energy | George Borovas | ||
Corporate and M&A | Karl Pires | ||
Corporate and M&A | Masahisa Ikeda | ||
Private equity | Karl Pires | ||
Private equity | Masahisa Ikeda | ||
Dispute resolution | Masahisa Ikeda | ||
Nuclear | George Borovas |
Lawyer Profiles
Photo | Name | Position | Profile |
---|---|---|---|
![]() | Etienne Gelencsér | Partner | View Profile |
![]() | Masahisa Ikeda | Partner Asia Regional Managing Partner Head of Tokyo Office | View Profile |
![]() | Rena Katsuyama | Associate | View Profile |
![]() | Ami Kurakado | Associate | View Profile |
![]() | Toshiro Mochizuki | Partner | View Profile |
![]() | Kana Morimura | Counsel | View Profile |
![]() | Yuka Ohba | Associate | View Profile |
![]() | Karl Pires | Partner | View Profile |
![]() | Karl Pires | Partner | View Profile |
![]() | Takako Shigetomi | Associate | View Profile |
Staff Figures
Number of lawyers : 850 approx In Tokyo : 15 approxLanguages
English French Greek Italian JapaneseLegal Briefings
The UK financial restructuring market
The last two years have seen significant developments and unexpected turns in the financial restructuring market. The impact of the Covid pandemic precipitated an immediate and significant uptick in the level of corporates facing underperformance and distress, only to be followed in 2021 by an incredibly ‘hot’ financing market and significant drop-off in corporate default …
- Corporate and M&A: International firms and joint ventures
Top Tier Firm Rankings
- Capital markets: International firms and joint ventures
- Projects and energy: International firms and joint ventures
- Investment funds: International firms and joint ventures
Firm Rankings
- India > Foreign firms
- Myanmar > Foreign desks