Bankruptcy Law and
Corporate Reorganization/ Rehabilitation

Iwata Godo provides corporations that need rehabilitation of their business with advice and proposals on rehabilitation measures. When statutory procedures such as corporate reorganization or civil rehabilitation are required, we represent our clients in such proceedings. In recent years, we have represented listed companies in corporate reorganization as well as civil rehabilitation procedures. We are also very experienced in pre-packaged business rehabilitation cases that utilize means such as business assignment, corporate separation, so-called DIP finance, and debt-equity swaps. Further, we have experience in all sorts of insolvency-related procedures, including bankruptcy and special liquidation, as well as acting as trustees and standing representative in various procedures.

Iwata Godo also advises a large number of financial institutions, and therefore often advises and represents creditors in insolvency cases. Legal services we offer to protect creditors’ interests include all sorts of prompt and flexible measures covering all areas of debt collection, including (i) negotiation with the debtor and preservation measures preceding bankruptcy proceedings, (ii) filing for bankruptcy on behalf of the creditor, (iii) filing of petition for bankruptcy claim assessment and (iv) negotiation and cooperation with bankruptcy trustees and supervisors in the course of bankruptcy proceedings. In business rehabilitations, we are increasingly involved in the development and review of rehabilitation schemes that utilize such means as the Guidelines for Out-of-Court Workouts, the Turnaround ADR and the Enterprise Turnaround Initiative Corporation, mainly on behalf of financial institutions.