Hong Kong Court Addresses Interplay Between Arbitration and Insolvency
Hong Kong, India, Singapore, Arbitration & ADR, Insolvency & Restructuring, Litigation, Morrison & Foerster LLP, Debtor, Singapore International Arbitration Centre
On February 10, 2012, Judge Sean H. Lane of the U.S. Bankruptcy Court for the Southern District of New York issued a ruling in a Chapter 15 bankruptcy proceeding where The Containership Company (TCC) is the debtor. Numerous shippers in the proceeding requested that the Bankruptcy Court defer to the Federal Maritime Commission with respect to the shippers' claims that TCC violated the Shipping Act of 1984.
USA, New York, Insolvency & Restructuring, Litigation, Shipping & Transport, Winston & Strawn LLP, Bankruptcy, Breach of contract, United States bankruptcy court