Explanation of Terms Concerning Civil Rehabilitation Proceedings in Japan (Tentative Version)

民事再生 MINJI SAISEI

Civil Rehabilitation proceedings

A legal procedure taken by a company that has difficulty repaying its debts in order to avoid bankruptcy by reducing the amount of existing debts. The company itself continues to operate as before.

民事再生申立日 MINJI SAISEI MOUSHITATE-BI 

Date of petition for Civil Rehabilitation

The date the petitioning attorney of the debtor company files the petition for civil rehabilitation with the court. (March 2nd for this case)

民事再生手続開始決定日 MINJI SAISEI TETSUZUKI KAISHI-KETTEI-BI

Date of court order for commencement of Civil Rehabilitation proceedings

The date on which the court receiving the petition for civil rehabilitation formally initiates the legal proceedings for civil rehabilitation (March 7th for this case)

再生債権 SAISEI SAIKEN

Rehabilitation claim

Claims arising prior to the date of order of commencement of civil rehabilitation proceedings.

共益債権 KYOUEKI SAIKEN

Common benefit claim

Claims arising after the date of the order of commencement of civil rehabilitation proceedings. Since it will be impossible for the company to operate if this is not repaid, it is treated like a normal transaction, and the company is obligated to repay it as promised.

共益債権化 KYOUEKI SAIKEN-KA

Changing from Rehabilitation claim to Common Benefit claim

The court, upon the company’s petition, shall convert rehabilitation claims that accrued between the date of petition and the date of commencement order to common benefit claims.

Golden Week in Japan

Golden Week

Golden Week in Japan is a period of consecutive holidays from the end of April to the beginning of May each year.

National holidays are April 29 (Showa Day), May 3 (Constitution Day), May 4 (Greenery Day), and May 5 (Children’s Day). Therefore, some companies also take the weekdays before and after these days off, making them long consecutive holidays for Japan, which does not have a custom of taking vacations.

Events in Kawasaki

During this period, various social events are held in Kawasaki City. Many food stalls are set up, and it is fun to take a walk on a nice day.

Inage Kanpai Beer Day #Kanpai Kawasaki

https://kanpai-beerday.com/

Kawasaki Asian Festa

https://asianfesta-stamprally.jp/

Haisai Festa (Okinawa Festival in Kawasaki)

https://lacittadella.co.jp/lp/haisai/

Our Business Days

Sumikawa Law Office will be closed from May 3 (Wed.) to May 5 (Fri.), 2023 for the Golden Week holiday. After the holidays, we will be open for business from May 8 (Mon.).

Kanpai Beer Day (Craft Beer Event in Kawasaki) | Oct. 22nd and 23rd, 2022

Craft Beer Event in Kawasaki

On October 22 and 23, 2022, there will be a craft beer event in Kawasaki City (near Kawasaki Station). Several craft beers from Kawasaki and other areas will be present. As for food, there will be new menus prepared for this event.

Website of the event (Japanese)
https://kanpai-beerday.com/

Kawasaki Station is conveniently located and easily accessible from both Tokyo and Yokohama. If you like this kind of event, please come to Kanpai Beer Day, and we hope to see you there!

Sumikawa Law Office is also a sponsor of this event to promote the community.