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.).
South Korea, USA, New Jersey, Company & Commercial, Insolvency & Restructuring, Litigation, Shipping & Transport, Bryan Cave Leighton Paisner (Bryan Cave), United States bankruptcy court
Opinion Serves to Remind Lenders That “Bankruptcy Remote” Does Not Mean “Bankruptcy Proof”
Judge Allan L. Gropper of the Bankruptcy Court for the Southern District of New York issued a much-anticipated order on August 11, 2009, in the challenge to the bankruptcy filings by certain special-purpose-entity (“SPE”) affiliates of General Growth Properties, Inc. (“GGP”).
USA, New York, Insolvency & Restructuring, Litigation, Eversheds Sutherland (US) LLP, Bankruptcy, Shareholder, Surety, Debtor, Fiduciary, Debt, Bad faith, Refinancing, Default (finance), Commercial mortgage-backed security, Secured loan, Consolidation (business), MetLife, Title 11 of the US Code, United States bankruptcy court