Title

Tokyo

About the Office

Davis Polk’s Tokyo office opened in 1987 and was among the first Asian offices founded by the top Wall Street firms. Active in Japan for over 90 years, today we are among the leading U.S. legal advisers on complex transactions involving Japanese companies and the Japanese marketplace. The principal focus of our Tokyo office is capital markets transactions and mergers and acquisitions/joint ventures involving Japanese and international enterprises. We also work on cross-border insolvency and restructuring, finance transactions as well as antitrust and competition, litigation, global enforcement and investigations, and other corporate and advisory projects.

Our Tokyo professionals are highly skilled and are among the market’s top legal advisers. Our entire team is fluent in Japanese and deeply knowledgeable about both U.S. law and the Japanese business environment, with all having either started in or spent the majority of their legal careers in Japan. We frequently collaborate across Davis Polk offices worldwide, working closely with colleagues who are leaders in their respective fields to deliver timely advice in real-time in Japan.

Tokyo professionals are directly supervised by?two partners and?one counsel, each qualified in Japan as a Foreign Special Member (Gaikokuho-Jimu-Bengoshi) of the Dai-Ichi or Dai-Ni Tokyo Bar Associations.

Tokyo brochure??Download our Davis Polk Tokyo brochure (English)

Tokyo brochure??Download our Davis Polk Tokyo brochure (Japanese)

?

Recognition

Chambers Asia-Pacific

  • Band 1, Capital Markets: International: US Law?in Japan
    • “Exceptional reputation for its expertise and track record advising on high-profile debt and equity offerings.”
    • Partner Jon Gray (Band 1) “receives warm endorsements from clients and commentators.”
    • Counsel Christopher Kodama (Band 3) is recognized as "very responsive and extremely good."
  • Corporate/M&A: International in Japan
    • “Highly respected international transactional practice with a recently bolstered bench.”
    • Partner Ken Lebrun (Band 1) is “sought out by major Japanese corporations and financial institutions for his skilful handling of M&A and private equity transactions, business integration and joint venture mandates.”

IFLR1000?

  • Tier 1 in Capital Markets: Debt: Foreign, Japan and Tier 1 in Capital Markets: Equity: Foreign Law, Japan
    • A client says: Partner Jon Gray (an IFLR1000 Market Leader) "is my favourite US law partner for Japanese issuers' capital markets deals. He is very considerate and always thinks about us first. He is also very knowledgeable, has sound judgement, and his Japanese language capability is excellent.”
  • Tier 1 in M&A: Foreign, Japan
    • A client says: "The firm has broad M&A experience involving Japanese companies and it is knowledgeable of M&A practices both in the US and Japan, effectively combining its global capabilities.”
    • Partner Ken Lebrun (an IFLR1000 Market Leader) “is always client-focused, responsive and reliable. He has extensive knowledge and skills based on lengthy M&A market experience involving Japanese companies … He is a true trusted advisor and is one of the best M&A lawyers in Japan.” – A client quoted by IFLR1000.

The Legal 500

  • Tier 1 in Capital Markets: International Firms and Joint Ventures in Japan
    • Jon Gray (a Legal 500 Leading Individual) and Christopher Kodama (a Legal 500 Rising Star) are recognized as leaders of the Davis Polk team, which a client says is “the best in the capital markets area in Japan in terms of its expertise, willingness to help and quick response times.”
  • Corporate and M&A: International Firms and Joint Ventures in Japan
    • Ken Lebrun, our Japan M&A practice head, is recognized as a Legal 500 Hall of Famer.
    • Clients say “the firm is always an invaluable resource” for its “vast experience in M&A involving Japanese companies is well aware of potential issues and concerns from not only the transaction parties’ perspective but also the financial advisors’ perspective.”

Asian Legal Business?Japan Law Awards 2019

  • International Deal Firm of the Year
  • M&A Deal of the Year (Premium)?
  • Technology, Media and Telecommunications Deal of the Year (SoftBank Corp's IPO)

Notable Matters

  • SoftBank Corp. IPO. We advised the joint global coordinators in connection with the initial public offering of shares of common stock of SoftBank Corp.
  • Kyocera’s acquisition of AVX. We advised Kyocera Corporation in connection with its acquisition of the shares of common stock of AVX Corporation not already owned by Kyocera for approximately $1.03 billion in aggregate.
  • Tokyo Century’s acquisition of Aviation Capital. We advised Tokyo Century Corporation in connection with its acquisition of the remaining 75.5% interest it did not own in Aviation Capital Group LLC from Pacific Life Insurance Company.
  • Toyota Motor Corporation notes offering. We advised the joint lead managers in connection with the debut SEC-registered takedown offering of senior notes by Toyota Motor Corporation.
  • Sushiro Global Holdings IPO. We advised Sushiro Global Holdings Ltd. and a private equity firm?in connection with the initial public offering of shares of common stock of Sushiro Global Holdings Ltd. The shares are listed on the Tokyo Stock Exchange.
  • MACROMILL IPO. We advised the international joint lead managers in connection with the initial public offering of shares of common stock of MACROMILL, INC. The shares are listed on the Tokyo Stock Exchange. MACROMILL is a global online market research and digital marketing solutions company based in Japan.
  • Sumitomo Mitsui Trust Bank Guaranteed Secured Obligation Programme. We advised Sumitomo Mitsui Trust Bank in connection with establishment of a $5 billion guaranteed secured obligation programme for SumitG Guaranteed Secured Obligation Issuer D.A.C., an Irish SPV set up to issue “covered” bonds guaranteed by SMTB and a major financial services institution and secured by a pool of eligible fixed income assets. We advised SMTB on the programme and debut offering of $500 million of guaranteed secured bonds.
  • Metropolis of Tokyo bond offering. We advised Metropolis of Tokyo (MoT) on its $1 billion?debut Rule 144A/Regulation S bonds offering. The offering was MoT’s first U.S.-directed offering as a stand-alone issuer.
  • Sumitomo Mitsui Financial Group TLAC notes offering. We regularly advise Sumitomo Mitsui Financial Group on its SEC-registered senior notes offerings. The notes are structured to count as?total loss-absorbing capacity ("TLAC") notes.
  • Mizuho Financial Group TLAC notes offering. We regularly advise the joint lead managers on the Rule 144A/Regulation S senior notes offerings by Mizuho Financial Group. The notes are structured to count as TLAC notes under banking regulations in Japan.
  • Nippon Life Insurance Company subordinated notes offering. We advised Nippon Life on its Rule 144A/Regulation S offering of $1.5 billion of?step-up callable subordinated notes. Nippon Life is one of the largest private life insurance companies in Japan.
  • Central Japan Railway Company senior notes offering. We advised the joint lead managers on a $300 million debut Rule 144A/Regulation S senior notes offering by Central Japan Railway. Central Japan Railway is one of the largest railway companies in Japan.
  • JFM debt offerings. We regularly advise Japan Finance Organization for Municipalities on Rule 144A/Regulation S takedown offerings of senior notes. JFM is a public sector financial institution and a key source of long-term financing to Japanese local governments.
  • Softbank acquisition of ARM Holdings and Fortress Investment Group. We advised the sell-side on the acquisition of ARM Holdings and Fortress Investment Group by Softbank.
  • Mitsubishi Tanabe Pharma acquisition of NeuroDerm. We advised Mitsubishi Tanabe Pharma Corporation on its approximately $1.1 billion acquisition of NeuroDerm Ltd., a NASDAQ-listed Israeli company. This deal represented the first acquisition of an Israeli public company by a Japanese buyer.
  • Sumitomo Mitsui Trust Bank acquisition of Citi Cards Japan. We advised Sumitomo Mitsui Trust Bank on its acquisition of Citi Cards Japan, which operated Citigroup’s credit card business in Japan.
  • Comcast NBCUniversal acquisition of ownership of Universal Studios Japan. We provided advice to Comcast NBCUniversal on its acquisition of ownership of Universal Studios Japan in a recapitalization transaction.

Read the Tokyo Office Brochure for additional transactions.

Tokyo office professionals not identified as Gaikokuho Jimu Bengoshi are qualified under the laws of New York or other jurisdictions and working in Japan under the supervision and direction of Gaikokuho Jimu Bengoshi resident in the firm's Tokyo office.