Insolvency

Adequately representing clients in insolvency procedures requires not only professional knowledge about matters of law and procedure, but also an in-depth knowledge of the client’s business including the tax laws and accounting practices relevant to the particular industry. Our lawyers have a wealth of both legal and business knowledge related to bankruptcy and have written and lectured extensively on the subjects of Japanese bankruptcy law and practice and published many specialized legal articles. We have acted either as attorneys for applicants or as trustees in many large corporate reorganization and civil rehabilitation cases.

Some specific services we provide include:

• Providing advice on Japanese bankruptcy procedure
• Corporate reorganizations
• Civil rehabilitation
• Special liquidation and voluntary liquidation 
• Special mediations on behalf of debtors
• Petitioning debtors into bankruptcy on behalf of creditors

Matsuo & Kosugi also has extensive experience in representing creditors in a large number of corporate reorganization and rehabilitation cases either as attorneys or trustees. We give practical multi-faceted legal advice to creditors and sponsors to best assist in recovering their claims.

We have, on a number of occasions, been requested by the courts to assume the office of a bankruptcy trustee.

As any creditor knows, collecting on their claims becomes infinitely more difficult once a debtor becomes insolvent. To mitigate the risks of such non-recovery, Matsuo & Kosugi provides practical legal advice regarding which terms and conditions can be inserted into transaction contracts to increase the chances of recovery in the event of a default. To further increase chances of recovery, we also assist with the creation of commercially feasible security rights.

For creditors who do find themselves in the unfortunate position of needing to collect from a defaulted debtor, we handle all bankruptcy litigation including cross-claims and any other manner of collection.