Orrick advised Morinaga Milk Industry Co., Ltd., one of the top dairy products manufacturers in Japan, in its agreement with ICI Pakistan Limited and Unibrands (Private) Limited, both from Pakistan, to form a joint venture for producing and selling powdered infant formula in Pakistan with a shared capital of up to approximately 2,900 million Pakistan Rupee (USD 30 million).
Since 1978, Morinaga has been steadily expanding its export business of powdered infant formula to Pakistan. As the growing population and expanding economic development of Pakistan offer great potential to increase the powdered infant formula business, Morinaga, ICI and Unibrands have established a joint venture for production and sales of the formula to serve the local market.
Morinaga was advised by a cross-practice Orrick team led by Shin Yakura (Litigation) and Hiroki Sugita (Corporate), with contributions from Kei Kato (Litigation) and Ben Spitz (Corporate).
Law Firms: Orrick;
Clients: Morinaga Milk Industry Co., Ltd.;