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Education
  • Amherst College (B.A.,1981)
  • University of Chicago Law School (J.D.,1986)


Bar Admissions
Admitted only in
  • California
  • Japan (Gaikokuho-Jimu-Bengoshi)

Ken Siegel Ken Siegel

Partner
Primary Office: Tokyo

Email: ksiegel@mofo.com
Phone: 81 3 3214 6522
Fax: 011-81-3-3214-6512

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Professional Summary



Mr. Siegel is the Managing Partner of Morrison & Foerster’s Tokyo office and the head of the office’s 40 attorney M&A team.

Mr. Siegel has been consistently ranked as one of the leading U.S. M&A attorneys in Japan, including by Chambers Global and Chambers Asia (which ranked Mr. Siegel as the leading U.S. M&A lawyer in Japan in its 2008 directory), and The Asia Pacific Legal 500. He has appeared on CNBC and PBS’s Nightly Business Report in their coverage of Japanese legal developments, as well as on the cover of the American Lawyer in its survey of global law firms in Japan.

Mr. Siegel’s practice focuses on the representation of hightechnology companies in acquisitions, joint ventures, and strategic alliances. Examples of recent matters on which Mr. Siegel has advised include the following:

Public Company Mergers and Acquisitions

  • Hitachi’s Acquisition of IBM’s Hard Disk Drive Business. Represented Hitachi, Ltd. in its $2 billion acquisition of IBM’s hard disk drive business (with over 20,000 employees in 8 countries).
  • Fujitsu’s Acquisition of Amdahl Corporation. Represented Fujitsu Limited in its $1.2 billion tender offer for Amdahl Corporation.
  • Fujitsu’s Sale of Fujitsu-Hitachi Plasma Display. Represented Fujitsu its sale to Hitachi of a 30% interest in Fujitsu Hitachi Plasma Display Limited, a leading manufacturer of plasma display panels, as well as in the transfer of certain PDP patents to Hitachi.
  • Yahoo!’s investment in SoftBank’s China affiliates, Alibaba and Tao Bao. Represented SoftBank in connection with Yahoo!’s $1 billion investment in SoftBank’s China affiliates, Alibaba and Tao Bao. In the transaction, Yahoo! paid $1 billion and contributed its existing China business to Alibaba in return for a 40% stake in the newly combined Alibaba/Tao Bao entity.
  • Citigroup’s tender offer for Nikko Cordial. Represented GCA and Greenhill, as joint financial advisors to Nikko Cordial’s board of directors, in connection with Citigroup's $4.6 billion offer for the remaining publicly-held shares of Nikko Cordial.
  • SoftBank’s Strategic Alliance with Cisco. Represented SoftBank in its $1.5 billion strategic alliance with Cisco Systems, including Cisco’s $200 million investment in SoftBank and formation of a $1 billion private fund focusing on technology investments in Asia.
  • TDK’s Sale of its Recording Media Business to Imation. Represented TDK in the sale of its recording media business (including branded tape, DVD, CD and similar products) to Imation for $300 million in Imation shares and cash.
  • TDK’s Acquisition of Alps’ HDD Head Business.  Represented TDK in its $310 million purchase of Alps' business for the development, commercialization and manufacture of heads for hard disk drives.
  • TDK’s Acquisition of Amperex Technology Limited. Represented TDK in its acquisition of a Amperex Technology, a China-based manufacturer of lithium batteries, for $110 million.
  • Asahi Brewery’s Sale of its interest in Foster’s. Represented Asahi Breweries in its sale of a 13% interest in Foster’s Breweries for $500 million (then the largest corporate buyback in Australian history).
  • Nissin Food’s proposed Acquisition of Indofood. Represented Nissin Food Products in its proposed acquisition, together with First Pacific Company Limited, of a 60% interest in Indofood (one of Indonesia’s five largest companies) for $570 million.
  • GCA’s merger with Savvian. Represented GCA, Japan’s largest independent investment advisor in its proposed $850 million merger with Savvian LLC.
  • Hughes Electronics’ Sale of DirectTV/Japan to SkyPerfect. Represented Hughes Electronics in the sale of the assets of Direct TV/Japan to SKY Perfect.

Joint Ventures and Strategic Alliances

  • SBI Holdings’ Strategic Partnership with Euronext. Represented SBI in the formation of its relationship with Euronext to develop a new proprietary trading system (PTS) for Japanese equities.
  • SoftBank’s Joint Ventures to Establish Nasdaq Japan and Nasdaq Europe. Represented SoftBank in its joint ventures with the National Association of Securities Dealers (NASD) to establish NASDAQ exchanges in Japan (in 1999) and Europe (in 2000).
  • SoftBank’s Joint Venture with the World Bank. Represented SoftBank in its $500 million joint venture with the World Bank/International Finance Corporation to incubate internet businesses in emerging nations.
  • Toshiba’s LCD Joint Venture with Matsushita. Represented Toshiba in the formation of a $1.3 billion joint venture with Matsushita to design, develop and manufacture next generation flat panel displays.
  • Toshiba’s CRT Joint Venture with Matsushita. Represented Toshiba in the formation of a multi-billion dollar joint venture with Matsushita to combine the companies’ businesses for the development, design and manufacture of cathode ray tubes (with over 15,000 employees on formation).
  • Toshiba’s Industrial Drives Joint Venture General Electric. Represented Toshiba in its $600 million global joint venture with General Electric for the manufacture and sale of industrial drive products.
  • Fujitsu’s Strategic Alliance with Sun Microsystems. Represented Fujitsu in its strategic alliance with Sun Microsystems to combine the companies’ Unix server development and distribution businesses.
  • Fujitsu’s Strategic Alliance with NCR. Represented Fujitsu (Japan’s leading ATM maker) in the formation of its global strategic alliance with NCR to develop and manufacture ATM’s and cash dispensers.
  • Toyota Industries’ Proposed Joint Venture with Texas Instruments. Represented Toyota Industries in its proposed $1.5 billion joint venture with Texas Instruments for the establishment of a semiconductor fabrication facility in Japan.
  • Fuji Electric’s Joint Venture with General Electric. Represented Fuji Electric in the establishment of a global manufacturing alliance with General Electric, including the establishment of manufacturing facilities in China, Mexico, and elsewhere.

Internet Transactions

  • Rakuten’s $425 million purchase of Linkshare. Represented Rakuten in its purchase of Linkshare Corporation, a leader in the US online affiliate marketing business, for $425 million. This was Rakuten’s first major acquisition in the United States.
  • Rakuten’s $110 million investment in Ctrip. Represented Rakuten in its acquisition of a 20% interest in Nasdaq listed Ctrip, China’s largest travel consolidator, for $110 million, and its subsequent sale of this stake for close to $500 million.
  • Yahoo!’s investment in SoftBank’s China affiliates, Alibaba and Tao Bao. Represented SoftBank in connection with Yahoo!’s $1 billion investment in SoftBank’s China affiliates, Alibaba and Tao Bao. In the transaction, Yahoo! paid $1 billion and contributed its existing China business to Alibaba in return for a 40% stake in the newly combined Alibaba/Tao Bao entity.
  • Recruit's $130 million investment in 51job.  Represented Recruit, Japan’s leading HR company, in its $130 million investment in NASDAQ-listed 51job, China’s leading provider of online employment information services.
  • SoftBank Finance Joint Ventures. Represented SoftBank Finance in joint ventures with the following companies: E*TRADE (securities trading services), E-LOAN (home and auto loan brokerage services), Morningstar (mutual funds/securities rating services), Onsale (shopping and auction services), InsWeb (insurance brokerage services), Cognotec and American Express (foreign exchange trading services), Lehman Brothers (bond trading services), DirectAdvice (investment advisory services) and plx.com (online intellectual property exchange).
  • SoftBank BB Joint Ventures. Represented SoftBank BB in its joint ventures with priceline.com (to offer priceline services in Japan), with Microsoft, yahoo! and Seven Eleven (to offer Carpoint in Japan) and with Ariba (to offer online B2B marketplaces in Japan).
  • Fujitsu’s Joint Venture with Microsoft and WebTV. Represented Fujitsu in its joint venture with Microsoft and WebTV for the development of an online internet network in Japan.

Mr. Siegel received his B.A. degree, magna cum laude, from Amherst College in 1981. He studied the Japanese language intensively at Stanford University’s InterUniversity Center for Japanese Language in Tokyo and at the Johns Hopkins University’s School of Advanced International Studies (SAIS), receiving a graduate degree in International Affairs in 1983. He received his J.D. degree in 1986 from the University of Chicago Law School, where he was an editor of the University of Chicago Legal Forum. Mr. Siegel joined Morrison & Foerster in 1986 and became a partner of the firm in 1994.

Mr. Siegel is currently Vice-chairman of the High-Technology Committee of the American Chamber of Commerce of Japan.