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Hanjin Shipping Applies To Enter Rehabilitation Proceedings In Korea
Yulchon LLC
Hanjin Shipping Co., Ltd. ("Hanjin"), South Korea's largest shipping operator, has applied for rehabilitation proceedings with the Seoul Central District Court (the "Court") on August 31, 2016.
Enactment Of A New 「Corporate Restructuring Promotion Act」And Its Implications
Yulchon LLC
"Workout" in Korea is generally accepted as an out-of-court corporate restructuring process aimed at speedy business normalization of financially distressed companies...
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