Law360, New York (November 1, 2016, 4:29 PM EDT) -- The global insolvency of Hanjin Shipping Co. Ltd. represents a case study of what can go wrong for an international transportation company that files for insolvency protection in an uncontrolled fashion and in the wrong country. The significant negative impact on international creditors as well as international commerce resulting from Hanjin’s filing suggests that a more deliberate and well-thought-out plan for future international transportation insolvency filings is imperative.
By way of background, Hanjin is the largest shipping company in South Korea and the world’s ninth-largest shipping company, operating approximately 60 regular lines worldwide. Hanjin’s business never fully recovered from both the...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!