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Amid Japan’s efficient judicial system and robust payment culture, a debt collection lawyer Tokyo can effectively guide creditors through the legal process, encouraging out-of-court settlements. The availability of financial health data and the ability to recover costs as damages further support these amicable resolutions.

Judicial debt recovery procedures in Japan begin with a demand letter and culminate with a formal judgment by the courts, granting creditors compulsory enforcement actions. These measures can include asset seizure, provisional attachment, and salary garnishment, all of which require precise legal knowledge. https://xn--x0q68eg9cp62a.tokyo/ are designed to recuperate owed sums while balancing legal equity.

With an average DSO of 69 days, these specialized proceedings are an effective tool for collecting outstanding amounts, even when other recovery methods have failed. Iwata Godo’s team of attorneys has extensive experience in insolvency proceedings, including bankruptcy, civil rehabilitation, and corporate reorganization. Some have been seconded to, or spent parts of their careers with, the Japanese Financial Services Agency (FSA), and others have practiced as judges and prosecutors.

Alternative Dispute Resolution is increasingly a preferred avenue for navigating disputes constructively. These methods?like mediation, arbitration, and conciliation?offer a more harmonious resolution to disputes and promise faster and more conclusive results.

Iwata Godo assists its clients with international transactions by leveraging its vast network of local offices in over 20 countries. Its team of lawyers and foreign language interpreters provide clients with the necessary support for conducting their business abroad.

Iwata Godo’s corporate law group advises public companies on various issues and transactions requiring shareholder approval, such as amendments of the articles of incorporation, share capital increases, transfers of ownership of shares, debt for equity swaps, acquisition of treasury shares, and corporate splits and demergers. The firm also counsels on issues involving corporate governance, such as the appointment and removal of directors and officers.