Tokyo Barrister: Start the law firm bankruptcy

Chapter 609 Unimaginable Crisis

Noon, 1:23.

Imanishi Law Firm, conference room.

"Are you going to rebel?!" Imanishi shouted at the two young people in front of him. This experienced lawyer could not control his expression at this moment.

Sitting in front of Imanishi were naturally Kitahara and Miyagawa.

After Kitahara and Miyagawa left Eto Law Firm in the morning, Imanishi made an excuse to leave the scene, then caught up with the two and took them directly back to his law firm.

When Jinxi returned to the office with the two of them, many paralegals started talking quietly.

"Look! Look!!"

"Who is that?!"

"Isn't it the same one from a long time ago?!"

"Which one?"

"That's it, the one who kicked the director's door?!"

"That Kitahara lawyer?!"

"Yeah!"

"Oh my God, this world is crazy."

"What happened? Who can tell me."

"The sky has changed, the sky has changed."

Many people at Imanishi Law Firm couldn't help but marvel when they saw this scene. The lawyer named Kitahara was actually still there, and he was actually brought back by the director!

In the conference room.

Listening to his father's question, Miyagawa lowered his head slightly and quietly tugged on the hem of his beige skirt. Miyagawa didn't know how to answer his father. However, Miyagawa still stubbornly believed that he was right and it was the people from the Asset Supervision Bureau who went too far.

After shouting loudly, Imanishi was quite helpless. At this time, he turned to look at Beiyuan sitting next to him. Yes, since he walked into his law firm last year, it seems that everything in his life has changed in some way and begun to slide towards an unknown uncertainty.

"Don't you say something?! Kitahara!!" Imanishi looked at the young male lawyer and became even more angry.

Beihara stared at the blank space on the table in front of him, thinking. In fact, on the way back from Kyoto, he had been thinking about the series of events behind Eto. Looking back now, Eto Law Firm seems like a black hole with unfathomable secrets that can swallow up everything.

"I heard that the Tokyo Lawyers Association has been investigating the 500 million yen warehouse receipt pledge incident. What's going on now?" Kitahara raised his head and asked abruptly.

Imanishi didn't expect Kitahara to ask him a question, and immediately said in an angry voice, "Why, do you still want to inquire about the progress of the Bar Association's investigation?"

"I've pretty much checked it myself here," Kitahara said. "If nothing else, the thing behind the warehouse receipt pledge incident should be circular financing. Eto has done a lot of illegal warehouse receipt pledge business. He has assisted many copper traders, Repeatedly pledging the same warehouse receipt to multiple banks in exchange for loans is equivalent to exchanging a batch of copper for many batches of loans. That’s why he wanted to destroy the pledged warehouse receipt.”

Revolving... revolving financing? ! Imanishi was shocked when he heard this.

Actually using the same warehouse receipt to raise funds repeatedly, this is already a crime involving fraud.

Imanishi had to take a breath. He has been engaged in financial non-litigation business for many years and is fully aware of the seriousness of this illegal behavior.

"My judgment is -" Kitahara continued, "This should not be an isolated case of Eto. I am afraid that the repeated pledge of copper bills at Tokyo Bay Port has become a common problem. So, next, I have a question for you. Lawyer Imanishi. "

"I am not the prisoner you are interrogating. Make no mistake!" Imanishi replied.

"Please answer me truthfully. Lawyer Imanishi, you are a senior lawyer in the field of financial business, especially regarding bank financing business, bond issuance, etc., you are the first-class expert in this area. Therefore, I believe that Imai Nishi Law Firm, It is a firm that can feel the pulse of finance.”

"So, next I want to ask," Kitahara said, "whether the commodity financing business undertaken by the law firm increased by a large proportion last year and this year."

Imanishi felt that the more Kitahara spoke, the more exaggerated he became. If according to what this young male lawyer said, if the repeated pledge of copper warehouse receipts is really a common problem, then Tokyo's banking industry will definitely usher in an unprecedented wave of bad debts, which may even trigger a nationwide financial crisis.

"Unfortunately, Lawyer Kitahara, your view is not correct. The law firm's commodity financing business has not grown significantly." Imanishi said.

When Kitahara heard what Imanishi said, he couldn't help but fall into deep thought again.

Could it be that my judgment about the repeated pledge of warehouse receipts was wrong? Maybe Eto is doing something else? The more I thought about it, the more confused I became.

The more I think about it, the less answer I have.

The more I think about it, the more chaos it becomes.

Beiyuan stood up and glanced outside the conference room inadvertently. He still vaguely remembered coming to Imanishi Law Firm last year. Suddenly, he discovered that the office area to the north of the office seemed to have expanded. In his impression, no one had rented the northern area of ​​this office building at that time.

"Lawyer Imanishi, I want to ask. In the firm, the office lawyer in the north area——"

Imanishi couldn't help but smile when he heard Kitahara asking about the northern area. Because the firm has expanded this year, and the northern area is his newly formed department.

"This is the new department I established this year, which is the factoring business department. A total of 36 new lawyers have been recruited, as well as nearly 80 paralegals, with a total scale of hundreds of people. It was established only a short time ago, but it is already one of the most popular in the firm. Pillar income.”

The moment he heard the word "factoring", Beihara felt that the fog in front of his eyes was dispelled.

Yes.

That's it!

My judgment is correct. Repeated pledge of warehouse receipts has definitely become a common and serious problem!

【Factoring business】

[The so-called factoring business refers to pledging accounts receivable to financial institutions to obtain financing. For example, someone owes you 1000 yuan and agrees to pay it back next year. But before next year, you can take the 1000 yuan of accounts receivable to the bank as a mortgage and exchange it for, for example, 980 yuan, deducting interest charges. This business is factoring. Its essence is also secured financing, but the object of the guarantee is accounts receivable]

"Lawyer Imanishi, please answer me immediately! What kind of factoring are these about?!" Kitahara shouted immediately.

"You...why are you so loud all of a sudden?!" Imanishi was stunned.

However, in the next second, Imanishi's face suddenly turned pale.

Yes, the law firm just established a factoring business department this year.

And most of these factoring businesses, he remembered, were related to the copper trade.

Specifically, factoring for copper imports.

And it is a model that has only emerged in the past two years.

Foreign copper producers export copper to Japan and need to collect payment from Japanese importers. Toyo importers, introducing Toyo banks to foreign copper producers. These foreign copper producers pledged their accounts receivable to Toyo banks. Toyo's banks issued financing to foreign copper producers, thereby earning foreign exchange interest margins.

At the same time, because domestic copper importers are guaranteed by copper warehouse receipts, the import factoring business is almost guaranteed to make a profit.

In other words, Imanishi Law Firm’s newly formed so-called factoring business.

Regarding the factoring business of copper imports, the underlying asset is still copper warehouse receipts.

No change, it’s still the same! ! !

Just changed the form! !

All of this is consistent with what Beihara said.

If what Beihara said is true, then his law firm is tantamount to laying a landmine that can explode at any time!

Imanishi suddenly felt dizzy.

At this moment, Beihara was in the conference room, looking at the newly established factoring business department in the distance.

Lawyers in the north area of ​​the office hall are working in full swing. They answer the phone from time to time, confirm the details of the factoring business with the bank, or contact foreign copper producers by email. On the desk, there are thick piles of agreement documents on the copper import factoring business everywhere.

Everything seemed so smooth.

However, those lawyers who are working seriously and diligently do not know that the factoring agreements they send by fax or email are becoming time bombs one after another...

(End of this chapter)