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Why a Hanjin Fleet Came to Hong Kong

The role of the Hong Kong court in ship mortgage enforcement
31 August 2017
Mayer Brown Article
The demise of Korea’s Hanjin Shipping Co. Ltd. was the largest bankruptcy of a container line in history, and earlier this year it resulted in the biggest ever court sale of ships in Hong Kong, with a total sale price exceeding US$600 million. In this article we consider Hong Kong’s role as a centre for maritime legal services, and the procedures involved in ship mortgage enforcement.


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