Hikita v. Nichiro Gyogyo Kaisha, Ltd.

OPINION

I. INTRODUCTION

This is the third time this case has come before us, 1 and the sixth time we have addressed aspects of the underlying dispute. 2 The case involves two Japanese/American corporate fishing families, Alaska Foods, Inc. (Alaska Foods) and Nichiro Gyogyo Kaisha, Ltd. (Nichiro). In 1975 Nichiro physically and financially abandoned Adak Aleutian Processors, Inc. (Adak), a crab processing plant in Adak that Nichiro and Alaska Foods had created as a joint venture and of which each owned a thirty-percent share. Alaska Foods claims that Nichiro breached its contractual duties under…