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Directors in the Twilight Zone III

This is the third edition of Directors in the Twilight Zone, a comparative study of the liabilities and duties of directors, officers and others and the risks they may be exposed to,
during the "twilight zone".

The first edition was published in 2001 and the second in 2005. The topic continues to be of critical importance to those who manage and advise corporations as well as to...

Order your copy right now.

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Samsun Logix Files for Bankruptcy Protection

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South Korea's seventh largest shipping line Samsun Logix has filed for Chapter 15 bankruptcy protection in Manhattan, Seatrade Asia reported. Samsun Logix has more than $100 million of assets and debts, the firm said in its filing. A series of firms failing to pay charter hire sent Samsun to the wall. It filed for court receivership in Seoul in February. Established in 1980 as Samsun Shipping Corporation, the firm maintains it was not paid fees worth $40 million by a Swiss company which filed for bankruptcy protection late last year. Though low profile, Samsun Logix is a big player operating up to 100 ships, predominantly in dry bulk with a smattering of VLCCs and long range product carriers. Samsun also has outstanding payments from clients in Korea, China and notably Singapore's now-bust Armada. Read more.

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