The effect of Hanjin's Korean rehabilitation proceedings in France has been rather limited.
The U.A.E and Republic of South Korea have not entered into a bi-lateral treaty under which they are obliged to recognise each other's court orders or judgments. The U.A.E rarely recognises/enforces the judgment of foreign courts where there is no such treaty in place
South Korea, United Arab Emirates, Insolvency & Restructuring, Litigation, Shipping & Transport, Clyde & Co LLP