26/09/2016
The revised scheduled is as follows:
| Original for 2016 | Revised for 2016 | |
|
The receiver’s presentation of creditors’ list |
1 September - 19 September | 1 September – 10 October |
| Claim reporting period | 20 September – 4 October | 11 October – 25 October |
| Claim inspection period | 5 October – 18 October | 26 October – 15 November |
| The receiver’s submission of rehabilitation plan | By and until 25 November | By and until 23 December |
Whilst it is unlikely that there will be any further revision, although we understand that provided that a failure to lodge a claim by the revised deadline is justifiable, there may be a further opportunity before the end of the 2nd Creditors’ Meeting (as yet unscheduled).
Our thanks to Kwon & Moon law firm in Korea for the updated information.
This comes amidst news that the board of Korean Air Lines – Hanjin’s biggest shareholder – approved a loan of 60bn Korean won ($54m; £41.5m) for the troubled shipping firm.
