PRACTICE AREAS

Business Turnaround and Bankruptcy DIP Financing

DIP (Debtor-in-Possession) financing, which is financing for corporations in bankruptcy proceedings such as civil rehabilitation proceedings, has some unique features such as supervision by courts, which are public institutions, and having the possibility that liquidation under bankruptcy proceedings may occur after financing.  At TMI, teams of attorneys with abundant experience and many achievements in corporate revitalization cases will collaborate with our finance team to provide you with legal services such as advice regarding the contents of contracts and collateral from the lender’s standpoint.

Furthermore, we also provide services from the perspective of the debtor in DIP financing, in negotiations with lenders regarding conditions and the like, and in negotiations with the court and the current creditors.  For corporations in bankruptcy proceedings such as civil rehabilitation proceedings, it is very helpful to get loans for their operating costs through temporary DIP financing, since transactions with their business partners would almost be limited to only cash payments.  As a result, such corporations are likely to temporarily be in a tight cash-flow situation.  In our many cases, teams of well-experienced attorneys with great achievements in corporate revitalization cases coordinate negotiations in DIP financing.

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