{"id":9177,"date":"2020-08-19T22:20:20","date_gmt":"2020-08-19T22:20:20","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=9177"},"modified":"2026-04-24T02:36:23","modified_gmt":"2026-04-24T05:36:23","slug":"supreme-court-ratifies-okadas-ban-from-board","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/supreme-court-ratifies-okadas-ban-from-board","title":{"rendered":"Supreme Court ratifies Okada&#8217;s ban from board"},"content":{"rendered":"\n<p>The decision to prevent the casino entrepreneur and founder of Okada Holding from returning for 30 years is now final and binding.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Japan.- The Supreme Court has made a final ruling on the case of casino entrepreneur Kazuo Okada\u2019s request to return to the board of Okada Holdings.<\/p>\n\n\n\n<p>The company is the major stakeholder in Universal Entertainment Corporation (UEC), operator of Okada Manila resort and casino, with over 69 per cent of issued capital.<\/p>\n\n\n\n<p>Okada was forced out of the company in 2017 by his son, Tomohiro Okada, who used his 43.48 per cent stake and a Trust Agreement with his sister, Hiromi Okada, to control voting rights on her 9.78 per cent.<\/p>\n\n\n\n<p>Hiromi later reconciled with her father and last year presented a claim in Hong Kong against Tomohiro and Universal, saying she had been tricked into signing the Trust Agreement. However, the agreement was deemed valid by a Tokyo court in 2019 and more recently by a <strong><em><a href=\"https:\/\/focusgn.com\/asia-pacific\/kazuo-okada-excluded-from-returning-to-boards\" target=\"_blank\" rel=\"noreferrer noopener\">Tokyo District Court in July.<\/a><\/em><\/strong><\/p>\n\n\n\n<p>Now Japan\u2019s Supreme Court has ruled against the 77 year-old entrepreneur, who will now be unable to return to the board of the company he founded for 30 years.<\/p>\n\n\n\n<p>According to Macau News Agency, Hiromi Okada\u2019s appeal to the Supreme Court of Japan in the litigation between Tomohiro Okada and Hiromi Okada has been rejected, leaving the Tokyo High Court&#8217;s verdict as a final and binding decision.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The decision to prevent the casino entrepreneur and founder of Okada Holding from returning for 30 years is now final and binding.<\/p>\n","protected":false},"author":2,"featured_media":9179,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Japan's Supreme Court has issued a final and binding ruling, permanently barring casino entrepreneur Kazuo Okada from returning to the board of Okada Holdings for 30 years. This decision solidifies the control of his son, Tomohiro Okada, over the major stakeholder in Universal Entertainment Corporation, operator of the Okada Manila integrated resort, following a protracted corporate governance dispute.","focusai_entities":"Kazuo Okada, Tomohiro Okada, Hiromi Okada, Okada Holdings, Universal Entertainment Corporation, UEC, Okada Manila, Macau News Agency","focusai_location":"Japan, Hong Kong, Tokyo, Macau","focusai_target_profile":"ceo_executive (1.0), regulator (0.7), compliance_legal (1.0), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Impact on UEC Strategy","query":"What are the anticipated strategic shifts or capital allocation priorities for Universal Entertainment Corporation following the definitive resolution of the Okada Holdings governance dispute?"},{"label":"Regulatory Implications","query":"How might this final ruling on corporate control influence future licensing reviews or regulatory perceptions of governance stability for Okada Manila in its operating jurisdiction?"}],"footnotes":""},"categories":[16338,439,158],"tags":[470,23288,8986],"class_list":["post-9177","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-legal-news","category-slider-home","tag-japan","tag-kazuo-okada","tag-okada-manila"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/9177","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=9177"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/9177\/revisions"}],"predecessor-version":[{"id":19707,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/9177\/revisions\/19707"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/9179"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=9177"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=9177"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=9177"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}