The Reef of Hanjin’s Woe: Will Chapter 15 Unlash Hanjin’s Sailors from the Mast?

On September 9, 2016, Hanjin Shipping Co. won a ruling protecting its assets in the U.S. against creditors, while the shipping line proceeds with its reorganization in South Korea. Hanjin filed for relief under Chapter 15 of the Bankruptcy Code in the United States Bankruptcy Court for the District of New Jersey (U.S. Bankruptcy Court Judge John K. Sherwood in Newark, N.J.).

Filed under:
South Korea, USA, New Jersey, Company & Commercial, Insolvency & Restructuring, Litigation, Shipping & Transport, Bryan Cave Leighton Paisner (Bryan Cave), United States bankruptcy court
Authors:
Leslie A. Bayles , Robert Clifton Burns , Evan Yee-Fan Chuck , Jason J. DeJonker , David R. Stepp
Location:
South Korea, USA
Firm:
Bryan Cave Leighton Paisner (Bryan Cave)
The Little Airline That Couldn’t

Remember Sabena, the ill-fated Belgian airline that declared bankruptcy in 2001? Well, to quote Ford Madox Ford, this is the saddest story I have ever heard.

Filed under:
USA, Aviation, Banking, Insolvency & Restructuring, Trade & Customs, White Collar Crime, Bryan Cave Leighton Paisner (Bryan Cave), Bankruptcy, Beneficiary, Office of Foreign Assets Control (USA), Deutsche Bank, Uniform Commercial Code (USA)
Authors:
Robert Clifton Burns
Location:
USA
Firm:
Bryan Cave Leighton Paisner (Bryan Cave)
The Little Airline That Couldn’t

Remember Sabena, the ill-fated Belgian airline that declared bankruptcy in 2001? Well, to quote Ford Madox Ford, this is the saddest story I have ever heard.

Filed under:
USA, Aviation, Banking, Insolvency & Restructuring, Trade & Customs, White Collar Crime, Bryan Cave Leighton Paisner (Bryan Cave), Bankruptcy, Beneficiary, Uniform Commercial Code (USA), Office of Foreign Assets Control (USA), Deutsche Bank
Authors:
Robert Clifton Burns
Location:
USA
Firm:
Bryan Cave Leighton Paisner (Bryan Cave)