Daebo International Shipping: Reaffirmation of Chapter 15 Power and Policy

Mainbrace (January 2016, No. 1)

On December 15, 2015, in In re Daebo International Shipping Co., Ltd., Bankr. Case No. 15-10616 (MEW), the United States Bankruptcy Court for the Southern District of New York (the “New York Bankruptcy Court”) issued a memorandum opinion vacating a set of Rule B attachments on a bond (proxy collateral for M/V DAEBO TRADER, a Panamax dry bulk container ship leased to Daebo International Shipping Co. Ltd. from Shinhan Capital Co.). (Read more)

This article by Michael B. Schaedle and Thomas H. Belknap, Partners at Blank Rome, and Alan M. Root and Gregory F. Vizza, Associates at Blank Rome, is one in a series of articles written for Blank Rome Maritime's quarterly Mainbrace newsletter. To view the other articles in the January 2016 edition of Mainbrace, please click here.