Tokyo Barrister: Start the law firm bankruptcy

Chapter 884 Ironclad Evidence

"Are you saying that our bank deliberately added mortgage rights to Nippon Steel's assets in just two weeks?!" Yucheng stood up, "You are speculating without basis! If we hadn't suddenly received the bankruptcy ruling, our bank would have provided loans to Nippon Steel in accordance with the established procedures!"

"It is wrong for Attorney Kitahara to suggest that the actual amount of the bank loan should be used to determine whether it matches the value of the collateral!" said Yu Cheng. "In fact, once the bankruptcy procedure is initiated, the contract of the bankrupt enterprise will be suspended and the bankruptcy administrator will need to determine whether it is necessary to perform or terminate the contract."

What Yucheng said is——

It is a provision in the Bankruptcy Law.

That is, after an enterprise enters bankruptcy proceedings, how should the contracts that the enterprise has not yet fulfilled be handled?

Generally speaking, the law provides that the contracts of a bankrupt company will be suspended.

After deliberation by the bankruptcy administrator, a decision will be made whether to terminate the contract or continue to perform it.

"Now!" Yucheng continued, "The creditors' meeting of Nippon Steel has not yet been formed, and the accounting firm hired by the bankruptcy administrator has not issued a comprehensive and complete asset audit report for Nippon Steel. Under such circumstances, all pending contracts of the bankrupt enterprise are suspended. We can only wait for the bankruptcy administrator to conduct an audit."

"The loan contracts that our bank has not yet fulfilled also need to be decided by the bankruptcy administrator. Therefore, the reason that lawyer Kitahara said that the actual loan amount should be used to judge whether the guarantee behavior has sufficient consideration is not valid!!"

Tamashiro demonstrated the skills of a top-notch bankruptcy lawyer.

He actually launched a Jedi counterattack.

By arguing that the bankrupt company's contract would be suspended, the bank's failure to issue sufficient funds was justified. It must be said that this was an extremely good counterattack. The bank executives present could not help but breathe a sigh of relief.

However, the next second——

Kitahara's voice rang out:

"What I mean is that it's not just your bank that has seized Nippon Steel's assets in the past two weeks. After the bankruptcy ruling was issued, you also asked Nippon Steel to cooperate with you in mortgage registration!!"

In court——

Kitahara made a serious accusation.

That is, the bank was still processing the mortgage after the bankruptcy procedure began.

All eyes in the court inevitably focused on Kitahara.

Yucheng was also shocked by Kitahara's statement. Did he find out that after accepting the bankruptcy ruling, Nippon Steel and the bank continued to process mortgage registration in disguise by adding collateral? !

However, on second thought, the city hall computer only shows the time of the initial application, not the time of the subsequent supplementary information. Kitahara and his team should not be able to find this loophole. This is a method of using the old IT system of the East, and it should not be discovered!

Thinking of this, Yucheng immediately retorted forcefully: "Lawyer Kitahara! I remind you! Don't make empty promises! Don't slander me wantonly! The court is a place for evidence, not a place for nonsense! "

"Is my talk just empty?" Kitahara smiled and took out a document. "This is the application document for the mortgage of one of Nippon Steel's plants. Regarding the establishment of the mortgage, the city hall requires the submission of the completion document of the plant. If it is a mortgage on a project under construction, it cannot be applied for at the city hall, but must be established at a local engineering office."

Kitahara pointed at the application materials and said loudly, "This is really weird! This factory building was clearly completed after the court issued a ruling, but why was the application for its mortgage before the date of the ruling? If it was before, then the mortgage application for an unfinished factory building would be submitted to the Engineering Department, and the City Hall would not accept it."

"Therefore, the only reasonable explanation is that after the bankruptcy ruling, you made additional changes to the information in the previous mortgage application, so this completion document came into being! The factory building was clearly completed after the bankruptcy procedure began, but it has now been successfully registered at the city hall!" "Excuse me! Isn't this ironclad evidence that your bank illegally established a mortgage?!"

Kitahara raised his voice even higher.

For a moment, Yucheng was completely stunned. She didn't expect that Kitahara could find documents from the application materials for security that could only be formed after the bankruptcy ruling was issued. Therefore, this proved that the relevant mortgage rights were established after the bankruptcy procedure began.

Yes—Yucheng and his men urgently established a mortgage in a short period of time.

The workload is enormous.

However, with a large workload, there is a chance for mistakes to be made.

That's the error.

And it is a fatal mistake.

However, this is simply unavoidable.

So many assets and so many lawyers are working hard.

It’s good enough to finish all the documents. It’s impossible to notice such mistakes!

Yucheng didn't expect that Kitahara in front of him could actually do this. This young man was indeed beyond his imagination.

The faces of the executives of Nippon Steel and the bank in the audience all showed extremely ugly expressions. This was a bad thing, and they were caught directly, making a big fool of themselves. However, the expressions of the executives of Nippon Steel were even uglier. Because the bank did these things, of course, it also needed the cooperation of Nippon Steel. Without the cooperation of Nippon Steel, these things could not be done.

So, will Nippon Steel get into new trouble again? !

"Why, Lawyer Tamashiro?" Kitahara said with a smile, "I have the evidence. May I ask, what are you going to do with it?"

The young man's words seemed to be a provocation.

Yu Cheng gritted her teeth slightly. She had never expected that she would be pushed to this extent by this young man. Yes, she, a dignified bankruptcy law expert, was choked for a moment and could not speak. It must be said that the lawyer Kitahara in front of her actually had some real stuff.

All of a sudden——

The situation in the trial seemed to have turned around in Kitahara's favor.

However, things were not that easy. After all, the opponents were three big lawyers in the field of bankruptcy law, and it was not easy to defeat them. They had also conducted careful research on the case, designed different strategies, and prepared different plans accordingly to flexibly respond to various situations.

Lawyer Tanimoto, who had been sitting next to him without saying anything, stood up at this moment. He must refute the young man in front of him! From the initial meeting with Kitahara at Nippon Steel, to the subsequent bankruptcy application, to the current trial. If he couldn't even stop Kitahara, then all his years of experience in bankruptcy law would be in vain!

Tanimoto refutes Kitahara...

(End of this chapter)