Navigating Uncertainty: Loaded cargo ships docked at the Port of Long Beach.
Photo by Courtesy Photo
Hanjin Shippings creditors have moved up their meeting to consider whether the cargo carriers restructuring plan is enough to prevent the company from facing bankruptcy and court receivership.
According to The Korea Times, the date for creditors to vote on whether to put the shipper under receivership, originally set for Sept. 2, has been moved up to Tuesday, which has already begun in South Korea. The largest creditor, Korea Development Bank, had set a deadline o…
Read the full article at: http://labusinessjournal.com/news/2016/aug/29/hanjin-creditors-move-meeting-restructuring-plan/