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Court rules on freezing bank accounts

  • Jones Day
  • -
  • Japan
  • -
  • March 28 2013

If a debtor defaults on a loan agreement, the financial institution may collect that loan from the debtor's ordinary deposit through acceleration and

Supreme Court rules on rights of retention

  • Jones Day
  • -
  • Japan
  • -
  • August 17 2012

The Supreme Court has ruled on the actions that a bank may take where it has both a claim against a company and a right of retention with regard to the company under the Commercial Code over a promissory note that the company has entrusted to the bank to collect, and where an order has been issued for the commencement of civil rehabilitation proceedings in respect of the company

Settlement of mortgage as gratuitous act

  • Jones Day
  • -
  • Japan
  • -
  • February 17 2012

A Tokyo District Court decision is a useful example of the application of the avoidance rules in the context of group company financing