TheHanjinBankruptcyCross-borderinsolvencyissues

2

Jurisdic;onalapproaches

Recognition orders made Model Law Arrests of Hanjin owned vessels Australia 11 November 2016

Yes Hanjin California - 6/9/16; discharged 12/10/16 for reasons unrelated to cross-border insolvency

Belgium No (EC Regulation)

Canada 30 September 2016

Yes Hanjin Scarlet - 14/09/17 (before order of 30/9/16)

France No (EC Regulation)

Germany 14 September 2016

No (EC Regulation)

Japan Yes Italy No (EC

Regulation)

Singapore Interim order 9 September 2016

Not until 2017

Hanjin Rome - 30/8/16 Hanjin New York - 8/10/16

Spain No (EC Regulation)

UK 6 September 2016 (but carve out of existing proceedings)

Yes

USA Interim order (Bankruptcy Court) 6 September 2016

Yes Hanjin Montevideo (prior to interim order) Seaspan Efficiency - 8/9/17 (Admiralty Court)

No order sought or made PRC No Hanjin Sooho, Hanjin Dusseldorf, Hanjin Rotterdam, Hanjin Kingston, Hanjin

Turkey, Hanjin Baltimore, Hanjin United Kingdom - 16/10/16 Hanjin China - 4/11/16