The original John Bosnitch post, concerning the legal matter between Mark Devlin and Terrie Lloyd. One of my earlier posts on the Tokyo entrepreneur focused on how an internet presence can bring a share of detractors. Here, though, it sounds like Mr. Lloyd made an installment sale agreement where he didn’t follow through. If true, this is breach. From my perspective, it’s yet one other instance where the foreigner community in Tokyo is left to fend for itself, without full application of the law—equal protection of the laws.
I am back in Tokyo after three years’ absence to help my friends Mark and Mary Devlin in a battle with a high-profile “entrepreneur” who has reneged on paying more than 1.5 million dollars he owes to the Devlins for their magazine Metropolis, which they founded in the early 1990s, built up into the No. 1 English-language in Japan, and finally put up for sale in 2007.
The man who owes them the money, Terrie Lloyd, is well known in Tokyo business circles for his claim to be the “founder of over (sic) 17 start-up companies in Japan” and for publishing The Journal, the official magazine of the American Chamber of Commerce in Japan (ACCJ). Terrie presents himself as the consummate business guru, still running seminars on “How to Start a Company in Japan” despite presiding over the failed print offering, “Japan Inc.” and recently accepting…
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