Tokyo Barrister: Start the law firm bankruptcy

Chapter 913 Judgment
After Kitahara finished speaking, the courtroom became unusually quiet.

Especially the criticism of lawyer Tamashiro's tone of sympathy.

The atmosphere of sympathy for Nippon Steel that Tamashiro tried to create was shattered by Kitahara's statement.

Kitahara did raise the dilemma of this case to the court. Nippon Steel was not saying that a simple reorganization process would lead to a happy ending for everyone.

Behind the restructuring proposal is the sacrifice of small creditors, especially the interests of thousands of workshop contractors and suppliers. If the restructuring proposal is passed, Nippon Steel can be saved, but thousands of workshop contractors and suppliers will go bankrupt. If workshop contractors and others are allowed to exercise bankruptcy recovery rights, the restructuring process of Nippon Steel will be shelved. Contractors and suppliers who get back the settlement money at least have sufficient funds to transform or supply other steel companies.

No matter which side you choose -

It means someone will pay the price.

What Kitahara proposed was——

Judge according to law.

In the courtroom, Judge Ono Tsutomu and other judges were lost in thought. They had certainly been under a lot of pressure from the cabinet during this period. Now, the lawyer in front of them pointed out another side of the Nippon Steel bankruptcy case that had been overlooked. Should the interests of the workshop contractors and suppliers be sacrificed to save Nippon Steel?

Everyone is equal before the law.

This is not just a slogan.

For these few simple words, mankind paid a huge price in lives.

Workshop contractors, suppliers and Nippon Steel are equal.

No one should sacrifice themselves for the continued survival of the other.

Judge Oono Tsutomu sighed slightly, and looked up at the lawyer named Kitahara.

At this time, Yucheng and others in the dock were extremely nervous. The young man in front of them was indeed beyond their imagination. After Kitahara made his final statement, they felt that they had lost control of the case. What kind of verdict the court would make, they had no idea for a moment.

Judge Oono Tsutomu quickly announced the end of the trial, at which time the court's decision will be released in writing.

Nippon Steel, the bank, Future Space, and the labor union were all in a state of tension, anxiously awaiting the verdict. If the contractor's debt was recognized, then the remaining thousands of suppliers could follow suit and exercise their right of redemption against Nippon Steel. This meant that Nippon Steel's cash and many valuable production equipment would be completely drained.

Nippon Steel is not to be mentioned. Without these assets, it would be very difficult to reorganize. Moreover, many middle and senior executives of Nippon Steel have been implicated in the criminal charges of contract fraud filed by Kitahara and are cooperating with the police investigation.

It is conceivable that if the few assets were taken away by the workshop contractors and suppliers in the form of repossession rights, then the remaining major creditors would definitely conduct a strict investigation into the internal corruption of Nippon Steel. Therefore, Nippon Steel's chairman Shibata, managing director Uejima, financial director Nagai and others were also extremely nervous about the verdict.

The bank and the union naturally did not want to see the workshop contractors and suppliers get back their property. The union even sent people to chain up some production equipment and locked them up. The workers of the workshop contractors were not to be outdone. Although they could not enter the factory, they also gathered in the factory area to confront the workers.

The situation suddenly became tense.

Shima Miho of Future Space was also in the office, feeling uneasy. If a considerable portion of Nippon Steel's current assets were taken back by these workshop contractors and suppliers, it would be difficult for Future Space to sell its assets such as mines and minerals. Those mineral deposits containing rare earths would most likely fall into the hands of banks and other creditors.

In this way, the purpose of the organization is defeated.

At this time, the public opinion outside the company is also paying close attention to the outcome of this bankruptcy recovery lawsuit. Because it will determine the success or failure of Nippon Steel's restructuring plan. If the workshop contractor wins this lawsuit, Nippon Steel's restructuring plan will have to be scrapped and started over again, and the strategic investors introduced will have to pay a very high price to make up for Nippon Steel's capital shortage. This level of financial hole——

Even the future space may not be able to be filled.

It may take another two to three years for Nippon Steel to come up with a restructuring plan.

Under the gazes of many people in the East——

All parties are closely watching the release of this verdict.

The Tokyo High Court did not take too long. The judges knew that no matter whether Kitahara won or lost, it was best to cut the Gordian knot. In bankruptcy cases, companies with the possibility of restructuring could not afford any delay. Soon, the court's judgment was drafted, stamped, and mailed.

In the morning, at Eto Law Office.

On Kitahara's desk was an email from the Tokyo High Court.

The office was now full of people. More than a hundred workshop contractors, represented by Shiga, had come to the office. After Nippon Steel's long delay in payment, these contractors' companies had long since collapsed. These business owners had lost everything and invested all their personal savings into maintaining their companies.

Today's ruling by the Tokyo High Court will determine whether their company lives or dies.

At this moment, the contractors of the workshops in Shiga recalled many things. They recalled how they had fought hard in the past to get the opportunity to contract the workshops, how they had asked the union officials to get permission to start the work, and how they had humbly asked Nippon Steel for payment.

The difficult scenes of the past came to their minds.

They look like business owners, but in fact, they often do the work of several employees at the same time. They work very hard, thinking that trying to run a business can change their lives, but what they end up facing is the abyss of debt.

These contractors are just like ordinary people.

Some of them are not well educated, but they still believe in the simple truth:

As long as you work hard, you can always live a better life.

Just for such a simple belief, they have gone through so much hardship and suffered so much contempt. Now, Shiga and his people can only hope that Nippon Steel can pay them back a part of the money. Really, even a part of it will be fine! So that they have enough money to finally lay off the company's employees.

With this feeling, they almost had tears in their eyes as they looked at the court email on the desk.

Kitahara slowly picked up the mail.

It was torn apart with a "swish" sound.

At the end of the judgment, there are a few big words:

“Agree with the plaintiff’s request to exercise bankruptcy recovery rights.”

(End of this chapter)