On October 21, 2003, in a so-called sublease lawsuit represented by Shigeaki, Ito, Shinya Okauchi and Yukihiro Takumi, the Third Petty Bench of the Supreme Court of Japan held in favor of City-Yuwa Partners by concluding that “the contract is a lease agreement and Article 32 of the Act on Land and Building Lease (shakuchi shakka hou) is applicable thereto.

On October 21, 2003, in a so-called sublease lawsuit represented by Shigeaki, Ito, Shinya Okauchi and Yukihiro Takumi, the Third Petty Bench of the Supreme Court of Japan held in favor of City-Yuwa Partners by concluding that “the contract is a lease agreement and Article 32 of the Act on Land and Building Lease (shakuchi shakka hou) is applicable thereto. “The First Petty Bench of the Supreme Court of Japan came to a similar decision on October 23 in another sublease lawsuit represented by Shigeaki Ito, Keisuke Ide, Shinya Okauchi and Tomohiro Tanamura. Mr. Okauchi’s comments on the judgment of the Supreme Court of Japan on October 21 as mentioned above appeared in November 1, 2003 issue of Kinyu Shoji Hanrei (No. 1177, page 2).