Embracing the New Normal

BY Ranajit Dam, Elizabeth Beattie |

Japan has had an up-and-down year so far, with the COVID-19 pandemic continuing to disrupt life and business, even as the country successfully hosted the Olympic and Paralympic Games. Leaders of law firms in Japan say that while they had to institute new ways of work in order to adapt to this “new normal,” they have been heartened by the resilience shown by their firms, which will hold them in good stead going forward. 

Cooley, MHM, W&C advise on $2.7 bln Japan BNPL deal

BY Mari Iwata |

White & Case has advised U.S. payments giant PayPal Holdings on its $2.7 billion agreement to acquire Japanese buy now, pay later (BNPL) firm Paidy, which was represented by Cooley and Mori Hamada & Matsumoto.

Latham, MoFo advise on $591 mln U.S.-Japan M&A deal

BY Mari Iwata |

Latham & Watkins has advised U.S. investment bank Houlihan Lokey on its 65-billion-yen ($591 million) offer to buy Tokyo-based M&A advisory firm GCA Corp, which was counselled by Morrison & Foerster.

KWM advises Westpac on $660 mln sale of life insurance business to Japan’s Dai-ichi

BY Mari Iwata |

King & Wood Mallesons (KWM) has advised Australia’s Westpac Banking Corp on the A$900 million ($660 million) sale of its domestic life insurance unit to Japan's Dai-ichi Life Holdings.

MHM, Davis Polk, NO&T, White & Case act on $1.5 bln Japan cosmetic sale

BY Aparna Sai |

Mori Hamada & Matsumoto and Davis Polk have advised Japanese beauty company Shiseido on the 160 billion yen ($1.5 billion) sale of its personal care business to private equity firm CVC, which was represented by Nagashima Ohno & Tsunematsu and White & Case.

Recovering Appetite (EN/JA)

BY Asian Legal Business |

Following a pandemic-induced lull, Japan Inc is resuming its focus on overseas acquisitions. Lawyers in Japan say that as vaccinations continue apace and borders reopen globally, the world’s largest investor will continue its outbound acquisition spree for the foreseeable future.

Better Late Than Never – The Basics of U.S. Chapter 11 (EN/JA)

BY David T. Yaegashi |

COVID-19 has wrought havoc on international business. While many Japanese companies have weathered the storm so far, some of their business partners overseas have not. As a result, many Japanese companies, as creditors, have found themselves drawn into the unfamiliar terrain of US bankruptcy law and bankruptcy courts. To provide some familiarity with US Chapter 11 proceedings, this article discusses the basics in a FAQ format.

Handling Patent Infringement Litigations in Light of Recent Court and Japan Patent Office Trends (EN/JA)

BY Masahiko Matsuno |

When a company becomes involved in a patent infringement litigation, in-house counsels need to understand the prospects of the litigation, explain them internally, and consider necessary measures. In this case, the “prospects of the litigation” usually include (1) the possibility of winning the case and (2) the trial schedule. It should be noted, however, that in patent infringement litigation, each of the above (1) and (2) is difficult to predict due to the peculiarity of the trial process.

Recent trends and developments impacting in-house counsel in Japan (EN/JA)

BY David Gilmore, James Allsop |

As governments around the world took steps to try and contain the spread of the COVID-19 pandemic, business were forced to adapt to large scale remote working. This sudden shift was particularly acute for those Japanese corporations, which traditionally favoured in-office working. While this change in working practices created obvious technological and logistical challenges for maintaining business continuity, it also created a number of legal and compliance challenges for in-house counsel teams.

Japan's Miura ramps up expansion with Nagoya office, Asia initiative

BY Aparna Sai |

Japanese law firm Miura & Partners (M&P) is set to open an office in the city of Nagoya, which will be the firm’s fifth since it was established in 2019. The firm currently has three offices in Tokyo and one in Hiroshima.

K&L Gates picks up IP team in Tokyo from DLA

BY Aparna Sai |

The Tokyo office of K&L Gates has hired a team of intellectual lawyers from DLA Piper, including partner Mitsuhiro Imamura.

Neighbourly Ties

BY Elizabeth Beattie |

As two of the world’s three largest economies, Japan and China have had strong trade and investment links for decades now.