If this email is not displayed correctly please click here

Insolvency & Restructuring

January 06 2017
Jeffrey A Liesemer Chapter 15 at 11: Chapter 15 provides provisional relief in Hanjin Shipping

USA - Caplin & Drysdale, Chartered

Following a Chapter 15 petition to recognise Korean insolvency proceedings as foreign main proceedings, the Bankruptcy Court for the District of New Jersey recently granted an order of provisional relief that includes application of the automatic stay to block the enforcement of maritime liens and the seizure of shipping company Hanjin's vessels. The case demonstrates how essential provisional relief can be for foreign debtors to preserve the status quo and maintain business operations before a recognition ruling.

Author: Jeffrey A Liesemer
Read more

Recent updates

Klaus Majamäki Amendment of restructuring programme – unclear and unknown debts

Finland - HPP Attorneys Ltd

Author: Klaus Majamäki
Nicolas Morelli Parliament clarifies security agents' status and their role in restructurings

France - Bird & Bird AARPI

Authors: Nicolas Morelli, Céline Nézet
Jyoti Singh Partial operationalisation of Insolvency and Bankruptcy Code – resolution of corporate insolvency

India - Phoenix Legal

Authors: Jyoti Singh, Arushi Mishra
Sabina Schellenberg Statute of limitation will apply to claims confirmed in loss certificates older than 20 years

Switzerland - FRORIEP AG

Authors: Sabina Schellenberg, Stéphanie Oneyser
Bart Heynickx Reorganisation proceedings: access and possibilities

Belgium - ALTIUS

Authors: Bart Heynickx, Alexander Hansebout