The first case in Japanese history where the debtor used simplified rehabilitation proceedings as a tool to “cram down” minority lenders
In this first issue, we provide an overview of a novel way for debt-restructuring – a combination of Turnaround ADR and simplified rehabilitation proceedings (kanni-saisei) – used by Marelli, a global auto parts company, in order to cram down in effect opposing lenders. This issue will provide you with insights into key characteristics and practical developments of Turnaround ADR, the most popular scheme for corporate workout for global entities in Japan.
企業再生・債権管理ニュースレターでは、企業再生・債権管理に関する最新の法制度、実務運用、裁判例等の情報をお届けしています。