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Past Event
28 March 2012


  • Bill Amos
    T +852 2843 2282
  • Devi Shah
    T +44 20 3130 3669
  • Frederick D. Hyman
    T +1 212 506 2664
  • John M. Marsden
    T +84 8 3513 0345

On the Rocks: Current Issues in Shipping Industry Restructurings
Recording of teleconference

Shipping companies, from Singapore to Greece to New York, are really feeling the pressure of the down turn in the shipping economic cycle. At the top of the cycle, increased capital investment fuels new shipbuilding and at the bottom of the cycle, demand and rates fall and excess tonnage sits idle or operates at a loss. In 2012, it appears that many sectors of the shipping industry are headed for the rocks as more owners threaten to default on loans and have to face the painful process of restructuring and, in some cases, bankruptcy. Currently, many owners seem to be seeking protection under Chapters 11 and 15 of the US Bankruptcy Code including such entities as Marco Polo Seatrade, General Maritime, TBS and Omega Navigation.

Please join our global shipping and restructuring partners: Bill Amos, Rick Hyman, John Marsden and Devi Shah as they discuss the below topics in connection with the restructuring of the shipping industry.

  • Heading for the rocks - the current state of the shipping industry
  • The impact and benefits of Chapter 11 and Chapter 15 of the US bankruptcy code
  • Local shelters do they assist in weathering the storm - the PT Bakrie Investindo decision
  • Recognition of and assistance available in cross border shipping insolvency proceedings by the English courts
  • Use of UK Schemes of Arrangements by foreign companies to restructure

Bill Amos
Devi Shah
Frederick Hyman
John Marsden

CLE/CPD credit pending.

Wednesday, 28 March 2012

5:00 p.m. - 6:00 p.m. HKT

10:00 a.m. - 11:00 a.m. BST

Europe (including Germany and France)
11:00 a.m. - 12:00 p.m. CEST

The United States
5:00 a.m. - 6:00 a.m. EDT

Note: As a global webinar, the timing of the live presentation may not be convenient for all regions. The program will be recorded. If you cannot attend at the designated time, please register anyway to make sure you receive a link to the recording.

Webinar Access
Instructions for accessing the program will be sent prior to the event.

Register >>

For additional information, please contact Madeleine Moulton at .

Of Related Interest

Bankruptcy & Substituted Service: Petitioning Creditors Beware...
Legal Update

Omega Navigation Provides Further Test of a Foreign Debtor's Access to the Protection of the US Bankruptcy Courts
Legal Update

Learn more about our Restructuring, Bankruptcy & Insolvency and Banking & Finance practices.

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