Tokyo Barrister: Start the law firm bankruptcy

Chapter 903 Final Question
The situation in the trial took another turn.

Everyone's eyes fell on Kitahara again.

Many members of the Nippon Steel legal team were not optimistic about Kitahara. They all thought that the reason why he was able to succeed so far was just because he came up with some unexpected tricks. But if it came to a real fight of legal techniques, Kitahara would definitely not be a match for Tamashiro, Tanimoto, and Abe!

After hearing Tamashiro's rebuttal, Kitahara's mouth corners slightly curled up.

"Then, after the minerals are delivered, will the bank pay the buyer's money to Nippon Steel?"

Kitahara did not engage in complex technical discussions of letters of credit.

Still asking very simple questions as always.

"It depends on the agreement between Nippon Steel and the bank," said Tamashiro. "After all, Nippon Steel is also in a difficult situation. Whether the delivery of minerals will be hindered by other creditors needs further observation. Therefore, the bank is cautious about paying the money to Nippon Steel. This is also to protect the rights of overseas buyers."

"That is to say, Nippon Steel cannot freely dispose of the funds obtained from the sale of minerals. Is that right?" Kitahara asked back with a smile.

"This..." Yucheng wanted to answer, but instinctively felt that there was a trap in the question.

I don’t know why, it’s obviously a complex professional and technical issue.

However, time and again, he could not withstand the extremely simple questions from the young man in front of him.

"Lawyer Tamashiro," Kitahara continued, "please tell me. Suppose there is a house that belongs to you. However, you can neither live in this house nor rent it out. You cannot sell this house either. You cannot interfere with how it is used by others, and you cannot make any decisions. Do you think this house is still yours?"

A very simple question.

Let everyone present understand.

"If you cannot use or withdraw this fund, is this fund still yours?" Kitahara asked further sharply.

"I still say the same thing, Attorney Kitahara, please don't twist the complicated letter of credit transaction into such a simple and misleading question!!"

"There is a golden standard for whether to revoke a debtor's repayment behavior," Kitahara said. "That is to see whether the transaction has increased the debtor's assets."

"Please tell me, Lawyer Yucheng! Does this transaction make Nippon Steel's financial situation easier or more difficult!!! After transferring the company's valuable minerals, they couldn't get the cash for the mineral transfer. Nippon Steel is clearly in a very disadvantageous position in this transaction. This abnormal transaction must be revoked in accordance with the provisions of the Bankruptcy Law!!"

"Who said that Nippon Steel's financial situation has become more unfavorable!!" Tamashiro immediately retorted, "The bank also reduced Nippon Steel's loan debt by a corresponding amount. Nippon Steel's cash flow situation has also been alleviated, and it can save cash on hand. You said that Nippon Steel was treated unfairly in this transaction. May I ask where the unfairness is?!"

Yucheng asked a series of sharp questions.

Even the audience in the gallery felt the pressure.

The aura of this bankruptcy lawyer at this moment was extremely oppressive.

However, Kitahara remained unmoved.

On the contrary, he calmly took out the documents and said, "Lawyer Yucheng, is this the so-called loan that your bank has waived? The so-called loans that you have waived are actually loans that have been deferred. In other words, Nippon Steel does not need to repay the loan principal immediately, but can repay it in two years or three years."

"Now, you are using these debts that could have been repaid two years later to offset them. The dire consequences caused by this are equivalent to Nippon Steel repaying the loan in advance. Excuse me, where is your so-called fairness?!"

Kitahara's rebuttal:

Like a cavalry attack in the night, suddenly rushing out from the darkness.

Yu Cheng was choked for a moment. Because she had not looked in detail at which part of the debt the bank had forgiven. She did not expect that the young man opposite her could go so deep to refute her!

Tamaki felt himself sweating.

There was already sweat on my back, soaking the shirt underneath.

Yes, I was so nervous that I broke out in a cold sweat.

In this trial——

In court against a young lawyer!!

Tanimoto and Abe who were standing beside them were also stunned for a moment, speechless.

They also didn't expect Beiyuan to ask so many questions in detail.

Even the part of the debt that the bank has waived can be casually stated in court!

The smile on Beiyuan's face became more and more frightening and terrifying.

He was asking very simple questions from beginning to end.

Now, he will ask one last question.

A question that could end this trial.

Kitahara said, "Lawyer Yucheng, if you insist that this is not an individual repayment, then is the bank willing to report the amount of the offset claims to the bankruptcy administrator?"

There was silence in the courtroom.

Yucheng and others lost their voices.

There is no way to answer Kitahara's question.

If the bank does not declare this amount, it will be settled individually.

Because it bypasses the bankruptcy administrator.

But if the bank makes a declaration, it will be like an ordinary creditor and can only receive compensation in proportion.

There is no solution to this problem.

Impossible to answer.

Any answer would be wrong.

The moment Yucheng heard Kitahara's question, he felt his throat tighten. Yes, the young man in front of him, step by step, used one simple question after another to gradually break through the defense line he had built.

It's like the crude trenches in World War I met high-performance tanks.

In front of the cold steel tracks, barbed wire, sandbags, and metal sheets all became useless. The driver in the tank only needed to start the tank and simply keep rolling forward. Then, the soldiers in the trenches watched helplessly as the tanks crushed the fortifications bit by bit.

The courtroom was extremely quiet.

Tamashiro bit his lip. Lawyers Tanimoto and Abe looked grim. As for the dozens of mid-level lawyers behind them, they didn't even dare to raise their heads. The bleak expressions of these lawyers showed one fact: they realized they had lost. They lost on the legal issue of whether the bank could offset debts with Nippon Steel!
Judge Oono Tsutomu's voice sounded:
"Do you have any additional comments for today's trial?"

After seeing no one answer, Judge Ono raised his gavel:
"The trial is now over."

"Click!" The crisp sound of the gavel was heard.

(End of this chapter)