Trade Lawyers Cyndee Todgham Cherniak and Susan K. Ross
Hanjin has published on its website information about how to file claims in the Korean bankruptcy case (called a rehabilitation proceeding ). Details can be found on the Hanjin website at http://hanjin.com/hanjin/CUP_HOM_1001.do. See also the attached file – 8254715.
The deadline to file claims is October 25, 2016, so do not delay. Referrals to
There is a lot of press coverage about the Hanjin bankruptcy, but very little of it provides tangible facts for traders to rely on. One thing we know for sure is Hanjin filed a Chapter 15 bankruptcy in the U.S. What that means is the U.S. bankruptcy court will defer to the Korean bankruptcy court…
Originally published in the Journal of Commerce – September 2016
For the last two weeks, the focus has been dealing with the fallout of the Hanjin bankruptcy filing. As we go to publication, the courts in the U.S. are overseeing efforts aimed at getting the vessels stuck at anchor into port and unloaded. The Federal…
As the situation starts to stabilize, at least to the point where Hanjin vessels are now able to berth and unload cargo, there are so many other issues up in the air. As companies go about trying to get their hands on their cargo, it is important to keep in mind the major and costly …
On Friday, news broke that Hanjin had filed a Chapter 15 bankruptcy in New Jersey. A court hearing is possible as soon as Tuesday, but don’t expect the results to help shippers to a large extent. What is most likely is the bankruptcy court will enter an order that allows Hanjin to arrange the freeing…
With the bankruptcy filing of Hanjin Shipping having just occurred on the 31st, many of their shipping customers are only now beginning to feel the disruption to their supply chains and are trying to sort out how to get their goods moving. It would be reasonable to expect similar bankruptcy filings in some major countries…
