Cases

Shionogi & Co., Ltd. - Rescission of tax reassessment

Professionals
Yo OtaAkihiro HironakaTsuyoshi ItoMasaki NodaYuichiro Hirota
Date
2020
Practice Areas
M&AJoint VenturesCross-border M&ATax DisputesInternational TaxationMedicine/Medical DevicesMedical Field/Healthcare

Leading Japanese law firm Nishimura & Asahi represented Japanese pharmaceutical company Shionogi & Co., Ltd. (“Shionogi”) [TSE: 4507] in its lawsuit seeking rescission of tax assessments by the Osaka Regional Taxation Bureau on Shionogi’s in-kind contribution of a foreign limited partnership interest into its UK-based subsidiary Shionogi Ltd., which was decided in Shionogi’s favor before the Tokyo District Court on March 11, 2020.

The Nishimura & Asahi team representing Shionogi was led by partners Yo Ota, Akihiro Hironaka, Tsuyoshi Ito, Masaki Noda and Yuichiro Hirota.