Teruhisa Toyama

Teruhisa Toyama joined Atsumi & Sakai in 2013, and became a Partner in 2015. Prior to joining the firm he worked in one of the so-called “big four” accounting firms for about 10 years. He is qualified both as a lawyer in Japan and as a Certified Public Accountant in Japan. Moreover, Mr. Toyama has an extensive experience in advising on Securities Litigation, Litigation/Dispute Resolution, including Disputes over Unlisted Shares and Shareholder Representative Suits, Risk Management and Internal Control/Compliance. He also has substantial experience in Financial Accounting and in Tax Law.

• During his career, Mr. Toyama represented more than 60 offshore institutional investors as claimants based on an annual securities report containing false statements; the total recovery sum amounted to some 4 billion JPY. This amount represents, as far as we know, the highest recovery achieved by non-Japanese institutional investors so far, relative to the amount of their claims, in any of the lawsuits settled by the defendant with offshore institutional investors;
• Representation of a plaintiff company, which was delisted because of a financial scandal, in a shareholder law suit;
• Advice on change in handling of withholding tax on capital gain imposed on Qualified Foreign Institutional Investors (QFII) in China;
• Crisis management in connection with company investigations by administrative agencies such as the Securities and Exchange Surveillance Commission.
• Providing a wide range of legal advice to a technology company on a transaction involving a moving strike warrant, which is not common in Japan, conducted by a listed IT company. Mr. Toyama and his team prepared disclosure documents under the Financial Instruments and Exchange Act and other relevant laws and advised on the warrant issuance terms.

• Corporate and M&A
• Dispute resolution
• Regulatory
• Private equity
• Tax

• Banking and financial services
• Consumer goods and services
• Media and entertainment
• Pharmaceuticals and life sciences
• Technology and telecommunications

• Dai-ichi Tokyo Bar Association

• University of Tsukuba Law School
• Hitotsubashi University, B.A. in Commerce and Management