Japan’s largest language school in receivership

Japan’s largest language school has been placed in receivership, affecting hundreds of Australian teachers and thousands of students.

Our correspondent in Tokyo, Shane McLeod, says with more than 900 branches across Japan, Nova language school was the country’s largest.

It employed more than 4,000 foreigners, including an estimated 1,000 Australians.

All of the company’s branches are now closed after the company was placed in receivership.

The court-appointed administrators say they will review the company’s operations to see if it can continue to trade, and say they are seeking new investors.

The company has reportedly amassed a debt of more than $US365 million.

http://www.radioaustralia.net.au/news/stories/s2071974.htm