What Foreign Investors Must Know About Japanese Casinos
Edward “Ted” Johnson is a partner in the M&A and Private Equity and Technology Companies Groups in Orrick’s Tokyo office. His practice focuses on strategic transactions including venture capital and other private equity investments, joint ventures, M&A, restructurings, and investment fund platform structuring in Japan and globally. He works with both large and early stage companies.
Many of the projects he handles are technology and intellectual property-related transactions, including in the information technology, semiconductors, telecommunications, cleantech, fintech, life sciences, entertainment, media, and biotechnology industries. He also has extensive experience with hotels and resorts and gaming industries. In addition to handling corporate transactions, Ted works with his litigation, compliance and white collar defense colleagues in providing strategic advice to clients facing “bet the company” risks.
Ted is a lecturer at Keio Law School and has served as a lecturer atother law programs in Japan, teaching courses on international business transactions, gaming, international entertainment and law. He is the co-author of a casebook on Japanese law, “Law and Investment in Japan: Cases and Materials” (Harvard University Press, Second Edition, 2001), and a former Fulbright Scholar at Tokyo University and Visiting Scholar in East Asian Legal Studies at Harvard Law School.
Before joining Orrick, Ted was a partner at another global law firm.
AlpacaDB – algo-driven stock trading platform
BK Technology – TED lighting solution
Empathy – POS system
Ferraris Power – electromagnetic power harvesting and EV wireless power transfer
Pure Watercraft – electronic outboard motor
Telecom, Internet, Media, Publishing, and Entertainment
Pharmaceuticals and Health Supplements, Biotechnology, and Medical
CLSA Capital Partners, the alternative asset management arm of a leading independent brokerage and investment group in Asia, on its $310 million sale of Everlife Co., Ltd., a Japanese direct marketing company of health supplement products, to LG Household & Healthcare in Korea.
Grove International Partners LLP, Tokio Marine Capital Co., Ltd. and Globis Capital Partners & Co. in the sale to J-Star Co., Ltd. of HCM Corporation, a provider of in-home care and retirement home services.
Cell Signaling Technology, Inc. in a global patent pooling strategic relationship with Astellas Pharma Inc.
Semiconductors, Electronics and other Manufacturing
Otis Elevator, a subsidiary of United Technologies Corp. in the acquisition by its Japan subsidiary, Nippon Otis, of the Japan elevator business of Schindler Elevator and its subsidiary Mercury.
Johnson Controls in its acquisition of a 60% interest in Hitachi Appliances’ global HVAC (heating, ventilating, and air conditioning) business and the creation of a global joint venture with Hitachi to develop, manufacture and sell HVAC systems.
General Electric Company in a joint venture with SNECMA Propulsion Solide S.A. and Nippon Carbon Co., Ltd. involving design, development, manufacture and sale of silicon carbide fibers.
H. B. Fuller Company in a Japan and China joint venture with Sekisui Chemical Co., Ltd. in the field of industrial adhesives.
Toshiba Corporation in the negotiation of joint ventures with SanDisk Corporation to construct and operate flash memory wafer fabrication facilities in Japan.
Applied Materials in negotiation of its worldwide joint venture with Dainippon Screen in the field of semiconductor track equipment manufacture and distribution.
Wal-Mart Stores, Inc. in its $875 million tender offer to acquire The Seiyu Ltd.
The Walt Disney Company (Japan) Ltd. in acquiring the Disney Stores Japan from Oriental Land Co., Ltd.
Sport Brands International Ltd., a Cerberus portfolio company and then the global owner of the “Fila” brand, in acquiring the Fila distributorship for Japan from Kanebo, Ltd. and in selling it to Itochu Corporation.
Hotels, Resorts, and Real Estate-Related Companies
Morgan Stanley Real Estate Funds in the acquisition of interests in the Shanghai World.
Various private equity funds in acquisitions, dispositions of structuring of platforms in hotels, ski resorts, and golf resorts in Japan.
Warburg Pincus in the sale of interests in Nikko Asset Management Co., Ltd. to Sumitomo Trust and Banking Co., Ltd.
The Walt Disney Company (Japan) Ltd. in an affinity card alliance with credit card issuer JCB Co., Ltd. and Oriental Land Co., Ltd.
Certain private equity investors in establishing a distressed debt operating platform in Japan.
Power Generation and Infrastructure
Pattern in Energy in its acquisition from Softbank Energy, Mitsubishi Corporation and other institutional investors of a majority stake in Green Power Investments, a developer of solar and wind power projects in Japan and Europe.
Korean East-West Power Co., Ltd. in the acquisition of an interest in Jamaica Public Service Company, Ltd. from Marubeni Corporation.
Selected Early Stage Company Clients
Disputes and Compliance Matters
Advice on matters related to U.S. Foreign Corrupt Practices Act investigations.
Advice on gaming industry regulation matters.
Major internal compliance investigations involving matters of U.S. and Japanese law.
Advice on resolving disputes in joint ventures.