[Korea Times] Hanjin situation embroiled in turmoil with lawsuits: 9.21.2016

2016-09-27 00:02
On September 9th, New Jersey’s federal bankruptcy court has approved the filing of Hanjin Shipping’s bankruptcy protection, and Hanjin was able to prevent the detainment of their U.S. assets from creditors. However, with many creditors and shippers proceeding with lawsuits, the situation is embroiled in turmoil. Korea Time reported that instead of simply focusing on asset protection of Hanjin Shipping, the direction is changing to understanding and expressing various U.S. companies. Their article cited Attorney J.J. Kim’s September 19th article ‘Hanjin Shipping Court Receivership – the Direction of the U.S. Court Direction of Bankruptcy?’ J.J. Kim specializes in Maritime Law, Transportation Law and International Trade Law.

Original Article: http://www.koreatimes.com/article/1012897