About

Provided by Nishimura & Asahi

For more than 30 years, our Asset Finance team has advised the aviation industry on all aspects of domestic and cross-border aircraft leasing/financing transactions.

The majority of our work focuses on tax-oriented transactions known as “Japanese Operating Lease Transactions” with a Call Option (JOLCO) or without a Call Option (or JOL), and we close approximately 100 JOLCO/JOL transactions annually.

Our international team:
With seven partners qualified in Japan, England, and the US, and a team of around 20 associates qualified in a range of jurisdictions, including Japan, the US, Australia, Singapore, and India, we can advise on all parts and phases of aviation transactions, from commercial documents to financing documents, loans and leases, asset finance or limited recourse.

Our cross-border capabilities:

We regularly advise on international asset finance transactions relating to aircraft, including:

  • domestic and cross-border leasingaircraft purchasesdebt financing
  • securitisation (including EETCs and ABSs)​regulatory issues under Japanese law, including banking and securities regulations
  • restructuring/bankruptcy
  • sanctions/hedging
  • competition and anti-trust matters
  • dispute resolution


We regularly advise on international investment finance transactions relating to aircraft, including:


  •  aircraft investment
  •  investment financing
  • remarking/trading of aircraft
  •  syndication of global aircraft portfolio financing transactions



Chambers Review

Provided by Chambers
Aviation: Finance - Asia-Pacific Region
4
Band 4
What the team is known for

Nishimura & Asahi's asset finance team is recognised for its strengths in handling mandates involving the Japanese market. It is supported by its Bangkok and Tokyo offices and assists Japanese and international airlines, leasing companies and financial institutions on a range of regional matters. The team demonstrates strong capabilities in handling JOL and JOLCO transactions.

Work Highlights

Provided by Nishimura & Asahi
  • Nishimura & Asahi advised Nomura Babcock & Brown on a combined EETC/JOLCO transaction involving British Airways and seven Airbus aircraft.

Strengths

Provided by Chambers

Notable Practitioners

Provided by Chambers
Katsu Sengoku
3
Katsu Sengoku
Head of Aviation: Finance
3
Band 3

Katsu Sengoku of Nishimura & Asahi is noted for his depth of experience advising on structured finance and securitisation.

"He's a legendary figure."

Ranked Lawyers at
Nishimura & Asahi

Provided by Chambers
Filter by
Band

Asia-Pacific Region

Aviation: Finance

Katsu Sengoku
3
Katsu Sengoku
Head of Aviation: Finance
3
Band 3

Members

Provided by Nishimura & Asahi

Katsu Sengoku

Katsu Sengoku

Head of Department

Kentaro Miyagi

Nathan G. Schmidt