The effect of insolvency on a charterparty

Thor Maalouf, an Associate in the London Shipping Group, considers some of the issues which may arise where a party to a charterparty becomes insolvent.

INSOLVENCY ALONE IS NOT ENOUGH TO JUSTIFY TERMINATION

Filed under:
United Kingdom, Insolvency & Restructuring, Litigation, Shipping & Transport, Reed Smith LLP, Debtor, Breach of contract, Debt, Liquidator (law), Charter-party, Chartering (shipping), Bankruptcy discharge
Authors:
Thor Maalouf
Location:
United Kingdom
Firm:
Reed Smith LLP
Freight

In Samsun Logix Corporation v Oceantrade Corporation; Deval Denizeilik VE Ticaret A.S. v Oceantrade Corporation and another – Butterworths Law Direct 18.10.07 the Defendant in both cases was subject to Chapter 11 proceedings in the US.

Filed under:
United Kingdom, Arbitration & ADR, Insolvency & Restructuring, Litigation, Shipping & Transport, Reed Smith LLP, Injunction, Solicitor, Charter-party, Chartering (shipping), Commercial Court (England and Wales)
Location:
United Kingdom
Firm:
Reed Smith LLP
O.W. Bunker Aftermath: Actions Every Owner Should Take to Protect Against Secret Liens

HIGHLIGHTS:

Filed under:
USA, Insolvency & Restructuring, Shipping & Transport, Holland & Knight LLP, Chartering (shipping)
Authors:
James Harold Power , Marie E Larsen
Location:
USA
Firm:
Holland & Knight LLP