Antitrust Update Seminar
Changing Behavior in the Cartel Field and Recent Trends
in Regulatory Enforcement in Japan & the United States

Objective
Competition enforcement agencies in Japan, the United States and elsewhere continue to identify andvigorously investigate competition issues. Recently, the agencies have moved beyond investigating simple
cartel behavior. As a result, companies need to be aware of other behavior that could become a focus of agovernment investigation. This seminar will address the new targets, tactics and strategies of competition
agencies. We will offer compliance tips and defense strategies that can be used to try to avoid problems
before they arise and defend against investigations after accusations have been made. In addition to legal
tips and strategies, we will discuss cutting-edge technology that can be used to reduce a company’scompliance risk.
Go Otsuka
Partner & PwC Japan Forensics Leader
PwC Advisory LLC

Outline■Date：

Tuesday, July 16, 2019, 14:00-16:45 (13:30 Registration)■Location：

PwC Advisory LLC Office - Seminar RoomOtemachi Park Building 15F, 1-1-1 Otemachi, Chiyoda-ku, Tokyo 100-0004
https://www.pwc.com/jp/ja/about-us/office/tokyo-otemachi.html■Target Audience： Senior management, legal, compliance, risk management, operations, businessdevelopment divisions■Capacity：

100 people ※In the event the number of registration exceeds capacity, attendee
selections will be based on a lottery system.

■Language:

Japanese and English (with simultaneous interpretation)■Entry Fee：Free (Pre-registration required)■Registration link：

https://krs.bz/pwc/m/190716forensics

Privacy Policy
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Ikeda & Someya
Kirkland & Ellis LLP

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Antitrust Update Seminar
ProgramTimeSession

13:30-14:00

Registration

14:00-14:05

Opening Remarks
Presentation 1:

Speakers

Tsuyoshi Ikeda
Founding Partner, Ikeda & Someya
Tammy Tsoumas
Partner, Kirkland & Ellis LLP

14:05-14:35 “Government Enforcement of Alleged
Anticompetitive Practices: New Targets, New Eliot Adelson
Partner, Kirkland & Ellis LLP
Tactics, and New Strategies”
Presentation 2:
Tsuyoshi Ikeda
14:35-15:05 “Practical Defense Strategy and ComplianceFounding Partner, Ikeda & Someya
Tips in light of the Recent Developments inand outside Japan”

講師紹介15:05-15:20

15:20-15:50

日本語・MSPゴシック（太字） 英数字・Arial （太字）
BreakPresentation 3:

Yuichi Ikeda
Director, PwC Advisory LLC“Proactively Managing Risks throughTechnology”

Naoko Matsuzaki
Director, PwC Consulting LLC
Moderator:
James Mutchnik, P.C.
Partner, Kirkland & Ellis LLP

Panel Discussion:

Panelists:
Tammy Tsoumas
Partner, Kirkland & Ellis LLP

Eliot Adelson
15:50-16:35 “Violation or no violations? – Reducing
Partner, Kirkland & Ellis LLP
Antitrust Risk As Enforcers Shift Their Focus
to New Targets, Tactics and Strategies”
Tsuyoshi Ikeda
Founding Partner, Ikeda & Someya
Yuichi Ikeda
Director, PwC Advisory LLC
Naoko Matsuzaki
Director, PwC Consulting LLC

16:35-16:45

Closing Remarks

Go Otsuka
Partner & PwC Japan Forensics Leader
PwC Advisory LLC

Antitrust Update Seminar
Speakers

James H. Mutchnik, P.C.
Kirkland & Ellis LLP
Partner, Litigation
Jim represents corporate and individual clients in antitrust and white collar crime
defense matters and related commercial litigation matters in federal and state
courts throughout the United States and before a variety of federal and state
investigative agencies, including the Antitrust Division, United States Departmentof Justice, the Federal Trade Commission, United States Attorney’s Offices andthe Securities and Exchange Commission. In the antitrust area, Jim specializes inlitigating various matters involving domestic and international cartels, alleged pricefixing, monopolization claims, price discrimination and representing clients indealing with the antitrust aspects of mergers, acquisitions and joint ventures.
Jim’s white collar crime defense and internal investigation matters cover pricefixing, accounting fraud, FCPA violations, securities fraud and insider trading,public corruption, environmental crimes and other corporate crime issues.
Jim is recognized annually by Chambers USA and Chambers Global as one ofAmerica’s Leading Business Lawyers in Antitrust and has been recognized as aleading lawyer by The International Who’s Who of Competition Lawyers andEconomists. He has been recognized as an “Illinois Super Lawyer” by Super
Lawyers magazine and was also recognized in recent editions of The Legal 500
U.S. for his “practical advice and superb service” in the area of Antitrust. Most
recently, Best Lawyers recognized Jim as the Litigation – Antitrust Lawyer of theYear. Jim is the head of Kirkland’s e-discovery training program for attorneys andlegal assistants. His prior work for the Antitrust Division and character werefeatured in the major motion picture, The Informant, and book of the same name.

Eliot A. Adelson
Kirkland & Ellis LLP
Partner, Litigation
Eliot focuses his practice on representing corporate and individual clients in a
broad range of disputes, including antitrust, shareholder, bankruptcy-related andcontract disputes. In the antitrust area, Eliot has litigated various matters forforeign corporations and individuals, including alleged price fixing. His securities
defense and internal investigation matters cover fiduciary duties, securities, fraud
and other corporate issues. Eliot has appeared in federal and state courts andbefore arbitration panels across the United States. Before joining Kirkland, Eliot
was a Deputy District Attorney for Alameda County. He is recognized as a leading
lawyer for “Antitrust: Cartel” work by The Legal 500 U.S.

Antitrust Update SeminarSpeakers

Photo

Tammy A. Tsoumas
Kirkland & Ellis LLP
Partner, Litigation
Tammy represents leading U.S. and multinational corporations in antitrust andother complex commercial litigation matters including price-fixing, monopolization,patent licensing and restraint of trade, unfair competition, wrongful death, andbankruptcy matters. She has experience in federal and state courts across thecountry and in complex multidistrict litigation, representing clients in diverseindustries such as transportation, technology, electronics, media, manufacturing,and financial services.
Tammy’s experience includes years of representing and counseling clients inhigh-profile litigation matters, including authoring and arguing key motions anddefending critical depositions. Among her cases was one in which Kirkland & Ellis
won a motion to dismiss approximately $4.5 billion in claims against approximately
430 client defendants. The dismissed claims included actions for fraudulent
transfers, preferences, equitable subordination and equitable disallowance.
In April 2018, Tammy was named to the Los Angeles Business Journal’s list of“Most Influential Women Attorneys.” In 2017 and 2018, she was recognized by
The Legal 500 U.S. for her antitrust work. Tammy also has been recognized as
one of Southern California’s “Rising Stars” by Super Lawyers from 2013 to 2017.

Tsuyoshi Ikeda
IKEDA & SOMEYAFounding Partner
Tsuyoshi (Yoshi) Ikeda is a founding partner of Ikeda & Someya, an antitrust
boutique which was just established in October 2018. Starting with two founding
partners, Ikeda & Someya has marked a rapid growth by hiring three associates
within the first seven months. As a former official of the Investigation Bureau ofthe Japan Fair Trade Commission (JFTC), Yoshi has extensive experience in all
aspects of antitrust/competition issues. At the JFTC, he engaged in, amongothers, the implementation of the leniency program in Japan and as many as 20
dawn raids. Yoshi has been representing multinational companies before the JFTCin international cartels and second phase review merger cases. Yoshi also advises
on IP-related antitrust issues such as licensing and standard-essential patents(SEPs), making the best use of his experience in the IP/IT taskforce at the JFTC.
He has additional expertise in consumer protection issues, such as false
advertising, as well as anti-bribery issues.
He has been appointed as an officer of IBA's antitrust committee since 2017. He
frequently serves as a speaker at international conferences, such as the ICN (asa non-governmental adviser (NGA)) and IBA. Yoshi is a graduate of Kyoto
University (LLB, 2002) and University of California, Berkeley, School of Law (BoaltHall) (LLM, 2008). He is admitted in Japan, New York and California. Hiscomments have been quoted in the most popular financial newspaper in Japan,the Nikkei, more than 30 times.

Antitrust Update Seminar
Speakers
Go Otsuka
Partner & PwC Japan Forensics Leader
PwC Advisory LLC
Go is the leader of the PwC Japan Forensic Services team located in Tokyo,
Japan and is an expert in Crisis Management.
He brings with him a variety of experiences including his experience as a businessconsultant in a major global IT company as well as in-house counsel dealing withM&A and crisis management in one of the largest Japanese trading houses.
As a lawyer and business advisor, Go advises senior management of multinational
companies in crisis based on his eclectic experiences in this field.
He has led a variety of projects including risk and crisis management during post
merger integration, investigation and crisis management for data falsification fraudcommitted by major Japanese manufacturers, accounting fraud and anti-trust
investigation at various multi-national companies. The industries he covers
include manufacturing, financial institutions, trading houses, medical device andpharmaceuticals, construction, IT and media/ entertainment.
Below highlights some of the major forensic projects he has led which include, but
are not limited to:• A forensic investigation of a Japanese multi-national company relating to data
falsification fraud. Using his experience as a lawyer and a former member of amajor Japanese trading house, he not only led the large scale internal
investigation but also helped formulate appropriate responses to sufficiently
address international regulators’ requests; all the while successfully managing
various stakeholder expectations (i.e. client management, general counsel, externalconsultants) involved in the case.
• An anti-trust investigation at a Japanese water infrastructure construction
company to assist the client with its leniency report submission to be provided tothe local regulator. He helped to design the overall investigation plan along withthe client’s legal division and oversaw the overall project, consulting with externalcounsel where necessary.
Go is a native Japanese speaker and has business level English capability.
License: Attorney at law, admitted in Japan

Antitrust Update Seminar
Speakers

Yuichi Ikeda
PwC Advisory LLC
Director
Yuichi Ikeda is a Forensic Services Director in the PwC Japan Tokyo office.
Yuichi’s expertise is in digital forensics and eDiscovery as it relates to domestic
and international regulatory investigations and international litigation. He has
worked in a variety of industries including, but not limited to, manufacturing,financial services, medical device and pharmaceuticals, and trading companies. He
frequently advises company executives and their counsel on matters related toeDiscovery, fraud, and litigation readiness.
Prior to joining PwC, Yuichi was responsible for leading the digital forensics
practice at the Japanese subsidiary of an international investigations and risk
consulting company in Tokyo. The matters he oversaw were primarily projects
related to corruption and bribery, competition law, and international litigation. A
few highlights of Yuichi’s experience are described below:• Supported external counsel by managing the investigation and e-discovery
workstreams in connection with alleged violations of the Foreign Corrupt
Practices Act on behalf of several Japanese companies.
• Assisted on United States regulatory cartel investigations in the Japanese
automobile parts industry and maritime shipment industry by preserving
electronic evidence, and worked with external counsel to produce relevant
documents to the Department of Justice.
• Provided e-discovery support in connection with the improper manipulation ofthe interbank interest rates (e.g., LIBOR, TIBOR) at one of the Japanese
mega-banks.
• Led an investigation into conflict of interest allegations at the Southeast Asia
subsidiary of a Japanese company, and provided expert witness litigation
support in connection with his findings.
Yuichi has native Japanese language fluency and business level English language
fluency.

Antitrust Update Seminar
Speakers

Naoko Matsuzaki
PwC Consulting LLC
Director
Naoko Matsuzaki is a Director in PwC Japan's Forensic Services Group andworks within the International Anti-Corruption, Strategic Threat and GlobalIntelligence Practice. She is legally trained in both Japan (Keio University) andthe U.S. (Stanford Law School). She is also PwC's Japan Global Intelligenceleader.
Naoko focuses her practice in transnational regulatory matters including anticorruption investigations under the U.S. Foreign Corrupt Practices Act (FCPA),
anti-corruption regimes of Multilateral Development Banks (e.g. World Bank),other white collar crime (e.g. fraud, anti-trust) and complex foreign transactions inemerging markets. She also works on anti-corruption matters relating todomestic implementation of the OECD and UNCAC anti-corruption treaties.
Naoko helps PwC’s clients address complex legal and ethical challenges of crossborder transactions and brings PwC’s Global Intelligence Operations Center(http://www.pwc.com/us/en/forensic-services/global-intelligence-operationscenter.html) to assist in these challenging operating environments. With theintelligence practice, she assists companies obtain intelligence based information
to find new opportunities in foreign markets and mitigate regulatory risk ofconducting operations in higher risk markets.
Naoko joined PwC from Hitachi, Ltd.’s Corporate Legal Department where shehandled complex foreign regulatory matters (e.g. anti-corruption, anti-trust) invarious jurisdictions, international litigation, cross-border strategic alliances,intellectual property and licensing. Her clients include large Japanese companies
doing business overseas, and Fortune 100 companies doing business in Asia andaround the globe. She has worked on complex regulatory settlements involving
multiple foreign regulators.
Naoko holds an LL.M. from Stanford Law School and an LL.B. from Keio
University in Tokyo, is natively fluent in Japanese and English, and has lived andworked in Japan and the U.S. She is a member of the American Bar Associationand has lectured on international panels regarding anti-corruption investigations.
She is the Co-Chair of the Stanford OVAL Japan Chapter serving as the College
Fair Coordinator.

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