On November 30 2010 the Tokyo District Court issued an order for the avoidance of a business transfer that was made by a bankrupt company before it filed for bankruptcy. The court also ordered the transferee to restore the transferred assets that could still be identified; in the case of assets that had been transferred, but could no longer be identified, the transferee was required to make payment to the value of such assets. The court ruled that the fact that the transferee had jointly assumed part of the bankrupt company's debts - and had paid some of the debt thus assumed - did not affect the assets to be restored or the payment to be made by the transferee.
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