Jan 26, 2012
Gregory M. Petrick opined that "[w]e expect to see increasing moves to Chapter 11 filings for European-based shipping companies... It gives the owner breathing room to ride out the cycle... Owners are in love with their ships and they give up control very reluctantly, but if you face the cold facts of the market, you can achieve an out-of-court settlement... It's a much better resolution than filing in court."
Joel Mitnick, Monica Martin
Dorothy Auth, Howard Wizenfeld, Jaclyn Hellreich
Ingrid Bagby, Michele Maman, Eric Waxman, Kathryn Borgeson, Anthony De Leo, Samantha Greenfield