ARTICLE
24 January 2017

Hanjin Shipping's Rehabilitation Proceedings (Amended Claim Report Period)

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Yulchon LLC

Contributor

Yulchon LLC
On September 12, 2016, the Bankruptcy Division of the Seoul Central District Court in charge of the rehabilitation proceedings of Hanjin Shipping Co., Ltd. amended the initial schedule of the rehabilitation proceedings as follows:
South Korea Insolvency/Bankruptcy/Re-Structuring
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On September 12, 2016, the Bankruptcy Division of the Seoul Central District Court in charge of the rehabilitation proceedings of Hanjin Shipping Co., Ltd. amended the initial schedule of the rehabilitation proceedings as follows:

Submission of List of Creditors (by receiver): On or before October 10, 2016
Submission of Secured and/or Unsecured Rehabilitation Claims (by creditors): October 11 – October 25, 2016
Investigation of the Reported Rehabilitation Claims: October 26 – November 15, 2016
Meeting of the Interested Parties: 14:00 on December 9, 2016
Submission of Draft Rehabilitation Plan: On or before December 23, 2016

Please be advised that the initial rehabilitation schedule has been postponed as described above, and it is necessary for the interested parties to exercise their rights within the amended due dates set forth above.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

ARTICLE
24 January 2017

Hanjin Shipping's Rehabilitation Proceedings (Amended Claim Report Period)

South Korea Insolvency/Bankruptcy/Re-Structuring

Contributor

Yulchon LLC
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