ECT held Hanjin containers hostage
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On 1 September 2016 the Seoul Central District Court (6th Bench of Bankruptcy Division) decided on the request of Hanjin of 31 August 2016 to commence a rehabilitation procedure for the company since Hanjin is in a situation where it is unable to repay its payable debts without causing a substantial hindrance to the continuance of its business.
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(Europa West-Indië Lijnen B.V./Container Leasing International LLC)
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