Red tape forces Simmons to put Tokyo JV on hold
Simmons & Simmons has been forced to temporarily pull out of its Tokyo joint venture (JV) after delays registering new Tokyo head Jason Daniel as a foreign lawyer in the country. Simmons needed to have at least one partner registered as a foreign lawyer in the Tokyo office in order to retain its joint venture with Japanese firm TMI Associates, but the loss of corporate partner and office head Rika Beppu and finance partner Philip Hyde to City rivals Lovells earlier this year left them without one. As previously reported by Legal Week, Simmons held Beppu to a six-month notice period in order to keep the JV in place. She only joined Lovells earlier this month (11 October) after being released from the partnership the previous day. However, Simmons was unable to register Daniel in time for Beppu's departure.Simmons said in a statement: "There will be a temporary suspension of the provision of legal services through our Tokyo presence while we await the registration by Japanese authorities of Jason Daniel as a foreign lawyer."This process has taken longer than anticipated, but we anticipate it will be completed by mid-November. This does not alter our commitment to either our Tokyo presence or our successful joint venture with TMI Associates. We have been in close contact with them throughout and they have been fully supportive of the current situation and are looking forward, as we do, to the reinstatement of our joint venture."
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