MUFG Bank, Ltd. and Bank of Ayudhya PCL : Sale of 25% Stake in HC Consumer Finance Philippines, Inc. to Affiliate
Nishimura & Asahi advised MUFG Bank, Ltd. on the sale of a 25% stake in HC Consumer Finance Philippines, Inc. held by Mitsubishi UFJ Financial Group Inc. [TSE: 8306 and NYSE: MUFG] (“MUFG”) and MUFG Bank, to Security Bank Corporation, MUFG’s equity-method affiliate in the Philippines. We further advised Bank of Ayudhya PCL, a consolidated subsidiary of MUFG Bank and MUFG, which retained a 75% majority shareholding in HC Consumer Finance, on the execution of a shareholders’ agreement between Bank of Ayudhya and Security Bank.
The Nishimura & Asahi team advising MUFG Bank and Bank of Ayudhya was led by partners Yusuke Yoshimoto and Jason Jiao.
People
Jason is a Philippine and New York-qualified partner with considerable experience in advising clients on a wide range of corporate and commercial matters throughout Asia and the Pacific region. He has designed investment structures for multinational companies investing in both Japan and abroad, and has negotiated and advised clients on numerous contractual undertakings, including multibillion-dollar mergers and acquisitions (strategic acquisitions, investments, divestitures and joint ventures), IP-licensing agreements, and other cross-border transactions. His experience spans diverse sectors including construction & infrastructure, consumer & retail, energy, fintech, life sciences, manufacturing & industrial, and private equity. Jason has also represented and advised clients on international disputes, arbitration and litigation.
Jason has practiced law in Japan for almost two decades and, prior to joining Nishimura & Asahi, was a partner at a major Japanese law firm. He has been consistently recognized as one of The Best Lawyers™ in Japan for International Business Transactions. In addition to his work with clients, Jason is active in various international legal organizations and chambers of commerce in Japan.
Mr. Yoshimoto has been engaging in general corporate legal affairs in Indonesia and other emerging countries for nearly 10 years. He was seconded to the legal and compliance departments of both the headquarters and U.S. regional headquarters of a major Japanese general trading company, as well as to one of the largest law firms in Indonesia. During his secondment at the Indonesian law firm, he was involved in a wide variety of matters, including M&A, finance, litigation, criminal matters, and insolvency proceedings. As a key member of the Indonesian Practice Team, he was able to develop a strong network of Indonesian lawyers, which he has been able to utilize, to handle cases efficiently and flexibly with due consideration to local customs and practices. He has also been involved in many M&A and crisis management cases in other ASEAN countries, such as the Philippines and Cambodia, as well as other emerging countries, such as Bangladesh and Brazil, during which he was able to draw upon his experience from his secondment to the trading company to the clients’ benefit.