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Japan’s new standard in electing sponsors for corporate restructurings

NO&T Japan Legal Update

著者等
黑田裕钟江洋祐(共著)
出版社
长岛・大野・常松律师事务所
书籍名或刊登
杂志
NO&T Japan Legal Update 第6号(2016年8月)
语言

英文

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请注意,本简报的目的是提供信息,并非提供法律建议。另外,本简报仅包括根据发行日(制作日)时点的信息,不包括该时点之后的信息。特别是速报可能会与现状的解释或惯例不同,敬请留意。

I. Restructuring Practices in Japan
As with restructuring in many other jurisdictions, it is common practice in Japan to elect a sponsor to provide finance to a failing business to assist with its rehabilitation. In many insolvency cases, the election of a sponsor is essential for a successful restructuring.
If a debtor must eventually commence an in-court restructuring procedure, the fairness and appropriateness of the election of the sponsor will be examined by the court. Questions surrounding the election of a sponsor may arise in the following common scenarios when:

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