Azabu Liquidating Trust v. Beecher, Ltd. (In Re Azabu Buildings Co.)

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.

II. STATEMENT OF FACTS

Azabu Buildings Company, Ltd. (the “Debtor”), is a Japan-based real estate investment corporation that owned several Hawaii hotels at the height of the Japanese…