UK High Court dismisses $178m claim against Korean shipbuilder
Credit: iStockphoto.com/stellalevi
The world’s fourth largest shipbuilder STX Offshore, which is currently in rehabilitation proceedings in its native Korea, has fended off a US$178 million claim for undelivered ships in the English High Court that was allowed to continue outside a moratorium in the UK applied upon recognition of the Korean proceedings.
To read more
Subscribe to Global Restructuring Review
Register for limited access
Register to receive our newsletter and gain limited access to subscriber content.
Register now
Subscribe to unlock unlimited access
Get news, unique commentary, expert analysis and essential resources from the Global Restructuring Review experts.
Subscribe now