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DTSTAMP:20260306T112006Z
DTSTART:20171009T093000Z
DTEND:20171009T123000Z
SUMMARY:Avoiding that sinking feeling: navigating shipping insolvencies
DESCRIPTION:The Hanjin collapse at the end of August 2016 left 147 vessel
 s stranded around the world\, unable to enter port. Hanjin was the lates
 t in a series of high-profile shipping insolvencies\, with OW Bunker in 
 November 2014 and Copenship\, STX and Swiber in between. Meanwhile\, we 
 are seeing high levels of consolidation activity as the shipping industr
 y seeks to restructure businesses and financing.\n\nWe will look at the 
 immediate problems arising for stakeholders when a shipping business ann
 ounces that it will not be paying the bills\, including threat of arrest
  and refusal of access to vessels. How are debtors and creditors best ad
 vised? How can charters be terminated and cargo returned or compensated 
 for\, and to what extent will insurance respond? How is business affecte
 d when the original financiers sell their non performing loans to invest
 ors? We will explore the cross-border insolvency issues and application 
 of the United Nations Commission on International Trade Law (UNCITRAL) M
 odel Law to seek to achieve ‘modified universalism’\, and we will hear a
 bout Hanjin's recognition process in Australia and cover other jurisdict
 ions such as Singapore\, South Korea\, Malaysia and the US.
LOCATION:Room C2.2\, Convention Centre\, Level 2
UID:f020883a-875e-4e9b-9162-475957d58e69
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