Although law firms in Japan have not traditionally played a significant role in the basic sale and lease of real property, Mori Hamada & Matsumoto has in recent years developed a significant real estate practice. The recent growth in this practice area is attributable to a number of factors: transactions involving real estate have become increasingly complex, particularly with the development of new structured financing techniques; the prolonged downturn in the Japanese economy created large numbers of non-performing loans secured by real estate, many of which have been bundled and sold to domestic and foreign investors; increasing numbers of corporate bankruptcies and restructurings have created complex legal issues involving real estate; and a large number of non-Japanese investors have recently entered the Japanese real estate market for the first time and have required legal assistance in understanding unique aspects of Japanese law and practice in this area. The traditional strength of Mori Hamada & Matsumoto in the areas of finance and bankruptcy have proved essential in enabling the firm quickly to become a key player in this growing practice area.
"This highly regarded real estate practice is a result of the firm’s combined experience in structured financing and pure real estate, drawing on its long-standing specialisation in the banking arena. Clients are attracted by the accomplished and comprehensive securitisation expertise on offer at the firm, prompting one source to describe the practice as “an institution” in this field." - Chambers Global
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