Recovery of Loan Receivables and Damages Claims Through Legal Action
First written in FY2016. 1 of 3 entries say "Advanced", first in FY2017-Q3. Latest entry: FY2017.
No other company in this theme has enough history to compare yet.
- FY2017Decision not to appeal the litigation against former officersAnnual report
「The litigation took more than 3 years to reach judgment, and the circumstances of each defendant had changed substantially. Based on the practical judgment that, even if the company’s claim were upheld, the likelihood of collecting damages had become extremely low, the company decided not to appeal and concluded the proceedings.」
With respect to the damages claim against the former officer, the company decided not to appeal in light of the likelihood of collection and concluded the proceedings. - FY2017-Q3AdvancedAnnual report
「With respect to Tatsuya Kobayashi, the Tokyo District Court finalized a final distribution of ¥71.943 million on 22 November 2016. The company received the distribution on 1 December 2016, completing all proceedings.」
As part of collection through legal proceedings, the company received a final distribution of ¥71.943 million relating to Tatsuya Kobayashi, completing the bankruptcy proceedings involving him. - FY2016First statedAnnual report
「As described above, we are pursuing the collection of receivables through every available legal means and are working to ensure that no procedural omissions occur.」
Measures to pursue collection through bankruptcy petitions, damages claims against former officers, and settlements in litigation.