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IN RE AZABU BUILDINGS CO., LTD.

Bankruptcy No. 05-50011. Adversary No. 07-90043.

383 B.R. 738 (2008)

In re AZABU BUILDINGS COMPANY, LTD., aka Azabu Tatemono K.K., Debtor and Debtor-in-Possession. Azabu Liquidating Trust v. Beecher, Ltd., Defendant.

United States Bankruptcy Court, D. Hawai`i.

March 11, 2008.

Attorney(s) appearing for the Case

Chuck C. Choi, James A. Wagner, Wagner Choi & Evers, Wayne K.T. Mau, Watanabe Ing Kawashima & Komeiji, Honolulu, HI, Eric D. Winston, H. Alexander Fisch, Jeffrey C. Krause, Stutman Treister & Glatt P.C., Los Angeles, CA, for Debtor and Debtor-in-Possession.

James N. Duca, Lyons Brandt Cook & Hiramatsu, Honolulu, HI, Sidney P. Levinson, Hennigan, Bennett & Dorman LLP, Los Angeles, CA, Defendant.

MEMORANDUM OF DECISION ON MOTION FOR PARTIAL SUMMARY JUDGMENT

ROBERT J. FARIS, Bankruptcy Judge.

I. INTRODUCTION

At issue is whether a Japanese judgment domesticated in Hawaii accrues interest at the Japanese rate or the Hawaii rate, and whether, under Hawaii law, junior lien creditors can prevent each other from compelling a senior secured party to marshal its collateral to the detriment of the other junior party.

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