Seoul Central District Court, or the Korean bankruptcy court handling rehabilitation proceedings of Hanjin Shipping Co., Ltd. (Hanjin Shipping) recently took several noteworthy measures.

Seoul Central District Court terminated the rehabilitation proceedings of Hanjin Shipping yesterday on February 2, 2017 following public announcements by Hanjin Shipping . . .

Following recent developments, in Seoul at 1900hrs on 1st September 2016, Hanjin obtained a rehabilitation order protecting its assets from creditors.

The once great shipping giant, Hanjin Shipping Co., Ltd. is now facing liquidation. The appraised liquidation value is 19 trillion won.

On 19 May 2016, the National Assembly passed the bill to amend the Debtor Rehabilitation and Bankruptcy Act ("DRBA"). Key amendments include...

It has been just over two months since one of South Korea's largest shipowners and operators, Hanjin Shipping Co Ltd ("Hanjin"), applied for court rehabilitation.

Seoul Bankruptcy Court will be established and replace the Bankruptcy Division of the Seoul Central District Court as of March 1, 2017.

On September 1, 2016, the 6th Bankruptcy Division of the Seoul Central District Court issued an order to commence the rehabilitation proceedings of Hanjin Shipping Co., Ltd.

On September 12, 2016, the Bankruptcy Division of the Seoul Central District Court in charge of the rehabilitation proceedings of Hanjin Shipping Co., Ltd. amended the initial schedule of the rehabilitation proceedings as follows:

The going concern value and the liquidation value to be stated on the inspection report will serve as a decisive factor in evaluating whether rehabilitation proceedings of Hanjin Shipping may continue.

Please be advised that the initial rehabilitation schedule has been postponed as described above, and it is necessary for the interested parties to exercise their rights within the amended due dates set forth above.

Given the global nature of the operations by the companies, their fate will have a substantial impact on the economy globally.

Korea has seen a dramatic increase in international commercial disputes in recent years. Among these, post-M&A deal disputes have become increasingly common and acrimonious. As the authors detail below, a historically unique set of circumstances set the stage for this swift rise in international disputes in Korea.