Orrick Library Seminar Series: Lessons Learned from Takata: Best Practices for “Driving” Through a Bankruptcy

日本語： タカタの教訓から学ぶ：ベンダー及びサプライヤーが倒産に陥った場合のベストプラクティス

Orrick’s Global Japan Practice is hosting a series of “Orrick Library” seminars to explore legal issues in various fields in Japan as well as the United States, Asia and Europe. The next seminar will be held on Thursday, July 26 from 9:00 am to 10:30 am.

In connection with Orrick’s representation of Toyota Motor Corporation and its subsidiaries in the highly complex and global restructuring of Takata, we saw and learned a great deal about how best to protect manufacturers in cross border insolvencies involving vendors and suppliers. Our discussion will focus on the following:

• Overview of Takata bankruptcy
  • What led to the bankruptcy filings in the U.S. and Japan
  • Outcome of the bankruptcy cases
• Lessons learned for manufacturers
  • Identifying early warning signs
  • Managing bankruptcy process in multiple jurisdictions
• Best practices when a global vendor or supplier becomes insolvent
  • Treatment of contracts
  • Managing product liability/warranty claims

There will be time set asides for questions and answers.

Date: July 26 (Thursday) 9:00 am – 10:30 am (Registration from 8:45 am)
Place: Orrick Tokyo Law Office (Map)
Speakers: Lorraine McGowen, Partner, New York Office
Language: English and Japanese
Fee: No charge
Registration deadline: July 23 (Monday)

* Tokyo Litigation Partners Yoshihiro Takatori and Shinsuke Yakura will join and offer additional perspectives in Japanese.

* * Orrick, Herrington & Sutcliffe LLP is an accredited MCLE provider in the States of New York and California.  This continuing legal education course has been approved in accordance with the requirements of the Continuing Legal Education Board for a maximum of 1.5 credit hours, of which 1.5 credit hours can be applied toward the areas of professional practice requirement.