Skadden advised Toshiba Corporation, which announced on January 18, 2018, that it has selected Nucleus Acquisition LLC (a consortium controlled by The Baupost Group, LLC) as the buyer of Toshiba’s claims against Westinghouse Electric Company LLC for US$2.16 billion (approx. 244.1 billion yen), and Brookfield WEC Holdings LLC as the buyer of the Westinghouse-related shares that it holds.
Skadden also assisted Toshiba with the successful Chapter 11 procedure of Westinghouse, including the execution of the Plan Support Agreement with Westinghouse, its Statutory Unsecured Creditors Committee, and other parties.
Toshiba Corporation manufactures and markets electrical and electronic products. The company, led by Satoshi Tsunakawa, Yasuo Naruke and Shinichiro Akiba, in 2017 recorded $43 Billion Revenues.
The Skadden team includes: Bengoshi partner Mitsuhiro Kamiya (Tokyo); Corporate Restructuring partners Van Durrer (Los Angeles) and Chris Mallon (London); Corporate partner Scott Hopkins (London); Energy Regulation and Litigation counsel Robert Warnement (Washington DC); and Corporate associates Annie Li (Los Angeles) and Jason Hewitt (London).
Involved fees earner: Mitsuhiro Kamiya – Skadden Arps Slate Meager & Flom; Van Durrer II – Skadden Arps Slate Meager & Flom; Chris Mallon – Skadden Arps Slate Meager & Flom; Scott Hopkins – Skadden Arps Slate Meager & Flom; Annie Li – Skadden Arps Slate Meager & Flom; Jason Hewitt – Skadden Arps Slate Meager & Flom; Robert Warnement – Skadden Arps Slate Meager & Flom;
Law Firms: Skadden Arps Slate Meager & Flom;