Bankrupt Hanjin Lands Ch. 15 Recognition In NJ

By Linda Chiem (December 14, 2016, 7:27 PM EST) -- A New Jersey judge formally recognized Hanjin Shipping Co. Ltd.'s South Korean bankruptcy proceeding Tuesday and affirmed an earlier order barring U.S. creditors from seizing any of the container shipping giant's assets or terminating contracts without the court's blessing....

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