South Korea’s STX Offshore & Shipbuilding Co. Files for US Bankruptcy Protection

South Korean STX Offshore and Shipbuilding Company filed for Chapter 15 bankruptcy protection on October 19, 2016 in Texas. The filing comes as “a bid to stop creditors from trying to seize its assets in the U.S. as the troubled shipyard looks to sell its business overseas.” Chapter 15 bankruptcies deal with cross-border/international insolvencies. “Under Chapter… Continue reading South Korea’s STX Offshore & Shipbuilding Co. Files for US Bankruptcy Protection