Cases

Toshiba Corporation: Sale of Westinghouse claims for US$2.16 billion

Nishimura & Asahi advised Toshiba Corporation (TOKYO: 6502) on the sale of its claims against Westinghouse Electric Company LLC to the Nucleus Acquisition LLC consortium controlled by The Baupost Group LLC for US$2.16 billion, and on the sale of its Westinghouse-related shares to Brookfield WEC Holdings LLC. Nishimura & Asahi also assisted Toshiba with the successful negotiation and execution of a key plan support agreement with Westinghouse, its statutory unsecured creditors committee and other parties.

The Nishimura & Asahi team advising Toshiba Corporation was led by partners Kenichi Minami, Daisuke Koriya and Yusuke Motoyanagi.