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LEGAL IMPLICATIONS OF HANJIN SHIPPING'S REHABILITATION PROCEEDING
- Authors
- Kim, In Hyeon
- Issue Date
- 2017
- Publisher
- SWEET MAXWELL LTD
- Citation
- HONG KONG LAW JOURNAL, v.47, pp.915 - 935
- Indexed
- SSCI
SCOPUS
- Journal Title
- HONG KONG LAW JOURNAL
- Volume
- 47
- Start Page
- 915
- End Page
- 935
- ISSN
- 0378-0600
- Abstract
- This article analyses the legal implications of Hanjin Shipping Co, Ltd's (Hanjin Shipping's) bankruptcy in 2016. The most aggrieved parties include the shipowner, members of alliances, cargo interests, crew members, banks and bunker suppliers. This article examines how these stakeholders' claims are treated under the rehabilitation proceedings in Korea. Hanjin Shipping's rehabilitation proceedings involve foreign factors such as a stay order and maritime lien. The author addresses how to improve the fair and just treatment of creditors and debtors involved in rehabilitation proceedings, domestically and internationally.
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