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UFJ BANK LTD. v. IEDA

No. 25549.

123 P.3d 1232 (2005)

109 Hawai`i 137

UFJ BANK LIMITED, a Japan corporation, Plaintiff-Appellant, v. Osamu IEDA and Lots Wako, Inc., a Hawai`i corporation, Defendants-Appellees.

Supreme Court of Hawai`i.

December 8, 2005.

Attorney(s) appearing for the Case

Andrew V. Beaman and Leroy E. Colombe (of Chun, Kerr, Dodd, Beaman & Wong), on the briefs, Honolulu, for Plaintiff-Appellant.

Nadine Y. Ando and Phillip W. Miyoshi (of McCorriston Miller Mukai MacKinnon LLP), on the briefs, Honolulu, for Defendants-Appellees.

MOON, C.J., LEVINSON, NAKAYAMA, ACOBA, AND DUFFY, JJ.

Opinion of the Court by MOON, C.J.

Plaintiff-appellant UFJ Bank Limited (UFJ), a Japanese bank, filed suit in the Circuit Court of the First Circuit,1 seeking to collect a debt owed by Kabushiki Kaisha Lots Wako (KKLW), a Japanese company and a non-party to this action. UFJ sued defendants-appellees Osamu Ieda, who personally guaranteed KKLW's loan, and Lots Wako, Inc. (LWI) [hereinafter, collectively, the defendants], a wholly-owned subsidiary...

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